The number of jobless claims filed in the U.S. this week rose above 1 million for the first time in two weeks.
It served as the latest piece of evidence suggesting that the economy is not recovering as some hoped it would on the other side of the Coronavirus Pandemic.
Many states are still dealing with high infection numbers, and while New York State sees low figures – back to school season is bringing significant concerns to those watching jobless numbers.
Economists say the economy is weak righ tnow. Despite some recent gains from businesses reopening and manufacturing coming back online. The total number of people receiving unemployment aid declined last week from 15.5 million to 14.8 million.
People who were receiving the $600 per week addition from the federal government on unemployment benefits at the start of the pandemic have seen those weekly numbers drop.
The big lagging segments of the economy include travel, entertainment, and leisure.
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