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Another 900,000 Americans Filed for Unemployment as Labor Market Recovery Freeze Continues

Business Economies Economy jobless pandemic Social Issues unemployment US US News

Another 900,000 Americans Filed for Unemployment as Labor Market Recovery Freeze Continues

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Another 900,000 American workers filed for state unemployment benefits last week, a slight drop from the week before and a sign that the labor market’s stalled recovery remains frozen in what one expert called a “winter of discontent.” The Labor Department said in a Jan. 21 report (pdf) that the number of people who filed initial state benefit claims fell last week by 26,000 from from the previous week’s revised level of 926,000. Economists polled by Reuters predicted the jobless claims number would come in at 910,000. “Some 44 weeks into the pandemic caused downturn, unemployment claims remain very much elevated in the latest week,” Bankrate.com senior economic analyst Mark Hamrick said in an emailed statement to The Epoch Times. Between the new claims drawn from the traditional state-administered programs and the federally funded program for the self-employed, gig workers, and others who do not qualify for the regular state unemployment benefits, …

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