New Jobless Claims Stay Below 1 Million

Roy Maurer By Roy Maurer October 1, 2020
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​States reported that 837,000 U.S. workers filed for new unemployment benefits during the week ending Sept. 26. The total number of workers continuing to claim unemployment benefits dropped to 11.7 million last week after peaking at nearly 25 million in early May. Another 11.8 million people continue to claim unemployment under the newly created Pandemic Unemployment Assistance program providing jobless benefits to workers previously not eligible for unemployment. New applications for unemployment benefits are well above the pre-pandemic levels of about 200,000 claims per week.

Employers added 749,000 jobs in September, led by the transportation and manufacturing sectors, according to a monthly tally from ADP. That's better than the 600,000 estimate from economists. The monthly employment report from the Bureau of Labor Statistics is projected to show a gain of 800,000 jobs for September. It will be released Friday.

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