Initial Jobless Claims Rise Again

Roy Maurer By Roy Maurer April 1, 2021
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​States reported that 719,000 U.S. workers filed for new unemployment benefits during the week ending March 27, an increase of 61,000 after last week's pandemic-era low. The total number of workers continuing to claim unemployment benefits fell slightly to 3.8 million. The recent overall improvement in claims data is consistent with accelerating labor market momentum as the economy reopens. Still, a complete recovery to pre-pandemic levels when new jobless claims averaged about 200,000 per week is still many months away, according to economists.

About 18 million people overall are receiving some type of unemployment aid. That includes 12.8 million people enrolled in the Pandemic Unemployment Assistance program for gig workers and the self-employed and the Pandemic Emergency Unemployment Compensation program, which offers an additional 24 weeks of benefits.

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