1.4 Million Workers File for New Unemployment Benefits

Roy Maurer By Roy Maurer July 23, 2020
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​States reported that 1.4 million U.S. workers filed for new unemployment benefits during the week ending July 18, an increase of 109,000 from the previous week. The rise marks the first weekly increase after falling for 15 straight weeks. The total number of workers continuing to claim unemployment benefits dropped to 16 million last week after peaking at nearly 25 million in early May. Another 13 million people continue to claim unemployment under the newly created Pandemic Unemployment Assistance program providing jobless benefits to workers previously not eligible for unemployment.

The U.S. economy showed positive job gains for the second straight month in June, adding 4.8 million jobs, and the unemployment rate fell to an adjusted 12 percent from 16.4 percent in May. But data indicates that the labor market's recovery may be plateauing due to a surge in coronavirus cases.

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