Initial Jobless Claims Drop Under 400K

Roy Maurer By Roy Maurer July 1, 2021
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​States reported that 364,000 workers filed for new unemployment benefits during the week ending June 26, a decrease of 51,000 from the previous week's revised level. First-time jobless claims had held above 400,000 in recent weeks as employers desperately try to fill open positions. The total number of workers continuing to claim state unemployment benefits rose to 3.4 million.

About 14.6 million people overall are receiving some type of unemployment aid. That includes about 11 million people enrolled in emergency programs such as 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. Both programs are slated to be eliminated by half the states by the end of July, part of a phase-out of enhanced unemployment benefits that will cut the total number of claimants down considerably in the weeks ahead.

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