Jobless Claims Fall to 881K, Layoffs Remain Elevated

The latest from the Labor Department shows that last week’s jobless claims fell below one million last week, but remained high at 881,000. Over 13 million are still receiving jobless benefits. This time last year, only 1.7 million Americans were receiving benefits. The pandemic is still affecting the economy, with 9.3 million, or only 42% of the jobs lost between March and April, recovered.

Have you seen any economic recovery in your town? Is the industry you work in bouncing back?

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