More than 824,000 Americans filed for unemployment insurance for the first time last week as the economic rebound slows amid fresh layoffs and regional flareups of the coronavirus.
More than 824,000 Americans filed for unemployment insurance for the first time last week, the Labor Department said Thursday, as the economic rebound that began in the summer slows amid fresh layoffs and regional flareups of the coronavirus.
But the number of filings rose from the week before by 28,527. And in less than seven months, more than 57 million have sought unemployment assistance for the first time. The figures are not seasonally adjusted.When will I start receiving the extra aid in unemployment? Your money questions answeredIn California: State to ban sale of new gas-powered cars by 2035, and CSU gets a new chancellor
The labor market is expected to rebound faster than it did in the wake of the Great Recession, Sophia Koropeckyj, an economist at Moody’s Analytics, said in a note. But the rebound is slowing, economists say, as some businesses shut their doors amid flareups of the coronavirus in different parts of the country.
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