New Haven Register (New Haven, CT)

41 million in U.S. have lost jobs since pandemic began, but layoffs slowing

-

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 percent in April, the highest since the Great Depression, and many economists expect it will near 20 percent in May.

States are gradually restarting their economies by letting some businesses — from gyms, retail shops and restaurant­s to 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.

Newspapers in English

Newspapers from United States