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Jobless claims fall to 1.5 million last week as economy struggles to regain footing
by Jay Heflin, Business Editor |
 | June 11, 2020 08:30 AM

The number of new jobless claims last week was 1.5 million, the Labor Department reported on Thursday.

Economists had predicted that 1.6 million people would claim unemployment benefits.

An additional 700,000 people filed for benefits through Pandemic Unemployment Assistance, a special category of eligibility for self-employed workers or people seeking part-time work created by Congress in the March CARES Act relief bill.

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.

The number of jobless workers receiving benefits fell to 20.9 million for the week ending May 30, a decrease of 339,000 from the previous week's revised level.

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https://www.washingtonexaminer.com/news/jobless-claims-fall-to-1-5-million-last-week-as-economy-struggles-to-regain-footing-after-pandemic-shutdown
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