COVID & Unemployment

The decline in unemployment has slowed since an early rebound from the first wave of COVID-19 shutdowns.

Eight months after the virus struck, the U.S. economy still has recovered barely half the that were lost to the pandemic.

No state lets people stay on unemployment benefits for more than 26 weeks.

But worrying also comes with a few benefits.

Eight months after the pandemic flattened the economy, weekly jobless claims still point to a stream of layoffs.

More than seven months into the pandemic, more people are filing for unemployment benefits every week than at any point in the Great Recession.

But rising confirmed virus cases in nearly every state, along with a cutoff in federal aid, are threatening to weaken the economy.

Expiring federal and state relief benefits are taking billions of dollars a week out of the economy.

The number of Americans seeking unemployment benefits fell last week to 787,000, a sign that job losses may have eased slightly but are still running at historically high levels. With confirmed infections having neared 60,000 in the past week, the highest level since July, many consumers have been unable or reluctant to shop, travel, dine […]

Christopher Low, chief economist at FHN Financial, says low-wage workers are suffering the bulk of job losses — the opposite of what happened in 2008.