Coronavirus Economy: 1.5 Million Americans File For Initial Unemployment Claims

Coronavirus Economy: 1.5 Million Americans File For Initial Unemployment Claims

Coronavirus Economy: 1.5 Million Americans File For Initial Unemployment Claims

"Today's unemployment report provided the latest evidence that, despite some leaders' dreams of moving beyond the COVID-19 crisis, the United States is still in the throes of a major, ongoing joblessness crisis", unemployment expert Andrew Stettner, senior fellow at the Century Foundation, said in an email to International Business Times.

Accommodation and food services still accounted for the highest number of initial claims in Colorado industries, at 13% of claims for the week ending May 30, from which the most recent data are available.

The Delaware Labor Department received 2,516 new claims for the week ending June 13th.

The week prior, 10,151 PUA initial claims were filed. That's a slight decrease over the 699 filed during the week ending June 6.

Both figures are lower than a week ago.

Nationally, about 1.5 million more laid-off Americans applied for benefits last week, the 11th straight weekly decline in applications since they peaked at almost 7 million in March.

Another 2,900 people filed for payments under the federally-funded Pandemic Unemployment Assistance program, which makes payments to freelancers and others who aren't eligible for state unemployment benefits.

Earlier this week, the state's unemployment compensation fund ran out of money, forcing OH to borrow $3.1 billion from the federal government. Public administration and arts and entertainment also had an increase number of lost jobs.

Still, analysts had expected a sharper decline in weekly applications, and some expressed disappointment that so many people are still seeking unemployment benefits even as restaurants, gyms and many categories of retail shops are reopening across the country.

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