The number of Americans filing for unemployment unexpectedly spiked to 419,000 last week

the number of americans filing for unemployment unexpectedly spiked to 419000 last week

Sumary of The number of Americans filing for unemployment unexpectedly spiked to 419,000 last week:

  • While the number of Americans newly filing for unemployment benefits tends to bounce around from week to week, it’s been on a general downward trend after spiking to record-shattering numbers amid the early days of the coronavirus pandemic last spring.
  • Several states have begun to unwind the federal supplemental unemployment-insurance programs passed over the past year to address the economic fallout from the pandemic, with governors arguing that the benefits are discouraging unemployed workers from seeking new jobs.
  • Those programs, which include an extra $300 a week for anyone receiving unemployment, along with benefits for workers who have exhausted their normal state unemployment benefits and gig-economy workers ineligible for traditional unemployment, are scheduled to end nationwide in September.

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