#2.1 Million more jobless workers applied for unemployment

You are not alone 2.1 million U.S. workers sought jobless aid last week. To date we have 41 million who have applied.

By ASSOCIATED PRESS

MAY 28, 2020

5:42 AM

WASHINGTON —


Roughly 2.1 million people applied for U.S. unemployment benefits last week, a sign that companies are still slashing jobs in the face of a deep recession even as more businesses reopen and rehire some laid-off employees.

About 41 million people have now applied for aid since the virus outbreak intensified in March, though not all of them are still unemployed. The Labor Department’s report Thursday includes a count of all the people now receiving unemployment aid: 21 million. That is a rough measure of the number of unemployed Americans.

The national jobless rate was 14.7% in April, the highest since the Great Depression, and many economists expect it will near 20% in May.

States are gradually restarting their economies by letting some businesses — including gyms, retail shops, restaurants and hair and nail salons — reopen with some restrictions. As some of these employers, including automakers, have recalled a portion of their laid-off employees, the number of people receiving unemployment benefits has fallen.

First-time applications for unemployment aid, though still high by historical standards, have now fallen for eight straight weeks. In addition to those who applied last week, an additional 1.2 million applied under a new program for self-employed and gig workers, who are eligible for jobless aid for the first time. These figures aren’t adjusted for seasonal variations, so the government doesn’t include them in the overall data.

Source: Associated Press

#hardshipresource #Ican'tpaymyhomeloan #getunemployment #gethelpnow #Ican'tpaymymortgage #mortgageassistancehelp

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