More than 1.3 million laid-off workers sought unemployment benefits last week amid resurgent viral outbreak
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More than 1.3 million laid-off workers sought unemployment benefits last week amid resurgent viral outbreak
The number of laid-off workers seeking unemployment benefits remained stuck at 1.3 million last week, an historically high level that indicates many companies are still cutting jobs as the viral outbreak intensifies.
The elevated level of applications for jobless aid is occurring as new confirmed cases of coronavirus are spiking across much of the Sunbelt, threatening to weaken the economic recovery. Case counts are rising in 40 states and 22 states have either paused or reversed their efforts to reopen their economies, according to Bank of America.
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