Jobless claims fall to 751,000, lowest level since March

30 Octobre, 2020, 03:04 | Auteur: Auguste Feret
  • Jobless claims fall to 751,000, lowest level since March

For the week of October 18-24, 17,531 initial jobless claims were submitted in the state, down slightly from the 17,598 new claims filed during the week of October 4-9, according to an Ohio Department of Job and Family Services release.

New jobless claims in Florida last week dipped by nearly a quarter from the previous week, according to figures released Thursday from the U.S. Department of Labor. On an unadjusted basis, the figure decreased by a little more than 28,000. More than 65 million Americans ‒ roughly 40% of the nation's labor force ‒ have sought jobless aid since the coronavirus lockdowns began in mid-March.

That comes as the number of Americans seeking benefits fell slightly last week to 751,000, the lowest since March. Nonetheless, a renewed surge in coronavirus infections across the country and a deadlock over new fiscal stimulus threaten to limit further progress. But their decline has slowed over the past few months as the pandemic continues - and starts to worsen again.

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The government said Thursday that growth rebounded sharply in the July-September quarter after an epic collapse in the spring, when the economy shrank at a 31.4% annual rate.

Unemployment claims are continuing to sink, but they're still far above even pre-pandemic records.

Ohioans filed 17,531 initial jobless claims last week, the state reported Thursday. Last week's report showed revised data for California contributed to drop in overall claims. Continued claims in the state have now fallen for five weeks in a row. Claims rose in Arizona, Illinois and MI.

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