They had shown a drop of about million last week….
But they’ve climbed back up….
36 million are on record related to the virus crisis…
Some state’s have not even process the requests for government benefits for those left out of their jobs…
The U.S. government said Thursday that almost three million people filed new claims for unemployment benefits last week, underlining the continuing toll the pandemic is having on American workers.
While the weekly tally of new claims has been declining since late March, the latest report pushed the eight-week total to more than 36 million, a number that would have been unthinkable before the crisis shut down much of the American economy.
The report comes a day after the Federal Reserve chair, Jerome H. Powell, warned that the United States was experiencing an economic hit “without modern precedent” and risked long-term damage if lawmakers don’t do more to prevent long-term joblessness.
State unemployment insurance and emergency federal relief were supposed to tide households over during the shutdown. But several states have a backlog of claims, and applicants continue to complain of being unable to reach overloaded state agencies.
More than half of those applying for unemployment benefits in recent weeks have been unsuccessful, according to a poll for The New York Times in early May by the online research firm SurveyMonkey.
And 13 states have yet to fully put in place the Pandemic Unemployment Assistance program that Congress passed in March to help freelancers, self-employed individuals and other workers not normally eligible for state jobless benefits….
A lot of this is likely effected by how individual states report these stats.
Until one sees a sustained multi week drop in claims ,I wouldn’t put too much stock in week to week variations.