1.9M claimed jobless benefits last week, bringing total to over 42M since mid-March
by Jay Heflin
| June 04, 2020 08:31 AM
The number of new workers who applied for unemployment benefits last week was nearly 1.9 million, the Labor Department reported Thursday.
Economists had predicted that the claims would total 1.8 million.
Since mid-March, over 42 million workers have become jobless and claimed unemployment benefits. The number of claims has overwhelmed agencies charged with administering the benefits. While over 40 million people have submitted unemployment claims, only 27 million of them have been processed, according to an analysis by the Century Foundation.
The number of workers seeking aid remains historically high but has dropped considerably from the nearly 7 million claims that were filed the week ending on March 28. Still, losing millions of jobs a week for weeks at a time was unheard of before the pandemic.
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https://www.washingtonexaminer.com/news/1-9m-claimed-jobless-benefits-last-week-bringing-total-to-over-42m-since-mid-march
