The pace of America’s jobs recovery continues to slow. Another 840,000 workers filed for initial unemployment benefits last week on a seasonally adjusted basis, the Department of Labor reported Thursday.
That was down from 849,000 in the previous week, but more than economists had expected. Every person who can go back to work is a win in this crisis. But the improvement in first-time benefit claims is small to say the least, as they remain about four-times higher as they were before the pandemic.
Claims for Pandemic Unemployment Assistance stood at 464,437. PUA is targeted as those workers who aren’t eligible for regular benefits, such as the self-employed.
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