WASHINGTON (AP) — The number of Americans seeking unemployment benefits fell by 19,000 but remain elevated at 787,000 as a resurgent coronavirus grips the U.S. economy.
While at the lowest level in four weeks, the new figures released Thursday by the Labor Department are nearly four times higher than a year ago before the coronavirus struck.
Employers continue to cut jobs as rising coronavirus infections keep many people at home while state and local governments re-impose restrictions.
Jobless claims were running around 225,000 a week before the pandemic struck with force last March causing weekly jobless claims to surge to a high of 6.9 million in late March as efforts to contain the virus sent the economy into a deep recession.