Jobless Claims Hold Steady

Roy Maurer By Roy Maurer June 25, 2020
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About 1.48 million U.S. workers filed for new unemployment benefits during the week ending June 20, reflecting continuing layoffs as the country’s economic recovery slowly starts to take shape. First-time claims have fallen for 12 straight weeks since hitting a record 6.8 million in late March. Jobs rebounded in May, and the unemployment rate dropped as employers across the country began reopening and rehiring laid off workers. 
 
The total number of workers continuing to claim unemployment benefits dipped to 19.5 million last week after peaking at nearly 25 million in early May. Another 11 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 Department of Labor will publish data on June hiring next week.
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