3.5 Million Workers Remain On Jobless Benefits As Weekly Claims Rise

Over 3.5 million Americans are still on traditional state unemployment benefits as the number of Americans seeking new claims rose last week, shattering six straight weeks of declines, the feds said Thursday.

Continuing claims rose slightly from nearly 3.5 million the week before, according to data released Thursday by the Labor Department. That figure stood at about 19 million at the same time last year, in the thick of the pandemic.

The number of Americans collecting unemployment benefits through regular state programs remains more than twice as high as before COVID-19 gutted the economy.

Including Americans on all federal pandemic-related benefits programs, the number of continuing claims was 14.8 million in the week ended May 29.

Read more at NY Post.

{Matzav.com}