First-Time Jobless Claims Rise to Nearly 900K

Claims from those with expired benefits increasing

Roy Maurer By Roy Maurer October 15, 2020
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​States reported that 898,000 U.S. workers filed for new unemployment benefits during the week ending Oct. 10, marking the seventh consecutive week of initial jobless claims under 1 million. The total number of workers continuing to claim unemployment benefits dropped to 10 million last week after peaking at nearly 25 million in early May.

While declining continuing claims seems positive, the steady rise of claims—now up to 2.7 million—in the Pandemic Emergency Unemployment Compensation program for people whose benefits have run their course is concerning. Experts fear that more people may be moving into long term unemployment and the emergency funds program is set to expire on December 31. 

Another 11 million people continue to claim unemployment under the Pandemic Unemployment Assistance program providing jobless benefits to workers previously not eligible for unemployment.

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