Jobless claims dipped last week but stayed near 1 million

The variety of Individuals submitting for jobless assist final week dipped to 900,000, a traditionally excessive stage exhibiting employees proceed to battle with the COVID-19 surge.

The 900,000 who filed for jobless assist within the week ended January 16 mark a drop of 26,000 from the prior week’s determine of 926,000, revised down from an preliminary estimate. One other 423,000 individuals utilized for Pandemic Unemployment Help, a federal program for the self-employed and gig employees.

“Taken collectively, the info on continued state claims confirms that there was a boomlet of pandemic-induced layoffs in December that’s including new strains on the economic system and the unemployment system,” Andrew Stettner, a senior fellow on the Century Basis, mentioned in a notice.

In all, almost 16 million individuals had been receiving some form of jobless help as of the primary week of the yr. The numbers come on the heels of a dismaying December jobs report that confirmed employers lower 140,000 jobs within the final month of 2020.

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