Jobless claims rise as cutoff of extra $600 benefit nears - FOX34 Lubbock

Jobless claims rise as cutoff of extra $600 benefit nears

Posted: Updated:

By CHRISTOPHER RUGABER
AP Economics Writer

WASHINGTON (AP) - The virus pandemic’s resurgence caused the number of Americans seeking unemployment benefits to rise last week for the first time in nearly four months, evidence of the deepening economic pain the outbreak is causing.

The increase in weekly jobless claims to 1.4 million served to underscore the outsize role the unemployment insurance system is playing among the nation’s safety net programs - just when a $600 weekly federal aid payment for the jobless is set to expire at the end of this week.

All told, the Labor Department said Thursday that the total number of people receiving jobless benefits fell 1.1 million to 16.2 million.

(Copyright 2020 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.)

Powered by Frankly
All content © Copyright 2000 - 2020 RAMAR. All Rights Reserved.
For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.