ALL NEWS

Another 712,000 Americans filed for unemployment benefits last week

Dec 3, 2020, 7:36 AM
Empty patio tables separated by plastic dividers adorned with American flags are seen at Mel's driv...
Empty patio tables separated by plastic dividers adorned with American flags are seen at Mel's drive-in diner in West Hollywood, California on November 30, 2020, after Los Angeles County banned outdoor dining in an attempt to stem the latest surge in coronavirus cases. - Many restaurant owners, who have already spent thousands of dollars to ensure a safe and compliant outdoor dining experience, say the latest shut down of outdoor dining with be financially devastating. (Photo by Robyn Beck / AFP) (Photo by ROBYN BECK/AFP via Getty Images)
(Photo by ROBYN BECK/AFP via Getty Images)

    (CNN) — Another 712,000 Americans filed for unemployment benefits last week on a seasonally adjusted basis, according to the Labor Department, as the job market recovery continues to slow.

That was a bit lower in the previous week, which was revised higher.

Meanwhile, 288,701 workers filed for benefits under the Pandemic Unemployment Assistance program, which provides aid for workers like the self-employed and contractors. This number is not adjusted for seasonality.

Added together, 1 million Americans filed initial benefit claims on an unadjusted basis last week. Although that’s a new low for combined first-time claims since the crisis started, the number is still higher than the peak of weekly jobless claims during the Great Recession, when they peaked at 665,000.

Continued jobless claims stood at 5.5 million, down from 6.1 million in the week before.

Meanwhile, the number of people who have exhausted their state benefits and receive aid from alternative programs, like the Pandemic Emergency Unemployment Compensation program, has risen once again, climbing by some 60,000 to 4.6 million in the week ended November 14.

In total, 20.2 million Americans received benefits under the various government programs in that week. That’s down about 350,000 from the prior week.

Thursday’s report comes just days after the US Government Accountability Office said that the Labor Department hadn’t provided an accurate estimate of the number of Americans claiming benefits. States’ backlogs are overloaded with the historically high number of applications, which is contributing to this issue.

On top of that, millions of people may not be receiving the full unemployment payments they are owed, GAO said.

Economists and lawmakers have relied on jobless claims data throughout the pandemic because its weekly release schedule is the closest to real-time economic data.

In spite of the rampant joblessness, the benefit programs created by the CARES Act in the spring are due to expire at the end of the year unless Congress acts.

“Restoring Pandemic Unemployment Compensation is particularly critical given the shocking findings in a GAO report this week that found rampant underpayment of PUA, relegating millions of federal benefits recipients to below the poverty line,” said Andrew Stettner, senior fellow at The Century Foundation.

Unemployed benefit recipients received an additional $600 per week on top of other benefits until the end of July through the PUC program.

It’s a big week for employment data, with the government’s jobs report due on Friday morning. Economists expect 469,000 jobs were added to the US economy in November, nudging the unemployment down to 6.8%. But some experts worry that the report, which is based on a survey conducted mid-month, won’t show the full effect of the resurgence in Covid-19 infections across the country.

“With the pandemic raging, further closures of service sector businesses may bring new rounds of layoffs through the winter,” Stettner said.

America recorded its deadliest day of the pandemic on Wednesday with more than 2,800 people dying from the virus.

Various states have reimposed lockdown measures to curb infections, which is in turn expected to weigh on economic and employment data.

The-CNN-Wire
™ & © 2020 Cable News Network, Inc., a WarnerMedia Company. All rights reserved.

Today’s Top Stories

All News

The community built a small memorial in front of Macie Hill's family home. Hill passed away after a...
Amie Schaeffer

GoFundMe started to remember 8-year-old girl who died in Kaysville parade

The Kaysville City Fourth of July parade turned tragic when Macie Hill was hit by a vehicle. She reportedly died from her injuries.
20 hours ago
Highland Drive Closed...
Heather Kelly

Highland Drive open after closing for hours due to fatal crash involving Coke truck

A crash left Highland Drive closed between 4500 and 4600 South on Tuesday morning. The crash left a 74-year-old woman dead.
20 hours ago
A brush fire started in Saratoga Springs last night. Photo Credit: Saratoga Springs Fire Department...
Devin Oldroyd

Fire officials say aerial firework caused brush fire in Saratoga Springs

An aerial firework caused a brush fire in Saratoga Springs Sunday night.
2 days ago
FILE - Fireworks explode over Baltimore's Inner Harbor during the Ports America Chesapeake 4th of J...
BOBBY CAINA CALVAN ASSOCIATED PRESS

A turbulent US this July 4, but many see cause to celebrate

July 4 has arrived as many citizens struggle to find a reason to celebrate. Yet many also see cause for celebration, including President Joe Biden.
2 days ago
The Deuel Creek Fire started on the hillside above Centerville late Sunday night....
Devin Oldroyd

Deuel Creek Fire starts in Centerville overnight, evacuation order lifted

The Deuel Creek Fire began late Sunday night in Centerville.
2 days ago
Tooele City announced its firework restrictions Sunday evening. Photo Credit: Tooele City's Faceboo...
Devin Oldroyd

Tooele City releases fireworks restrictions map

Tooele City announced its firework restrictions Sunday evening.
3 days ago

Sponsored Articles

Tax Harassment...
Jordan Wilcox

The best strategies for dealing with IRS tax harassment | You have options!

Learn how to deal with IRS tax harassment. This guide will teach you how to stop IRS phone calls and letters, and how to handle an IRS audit.
spend a day at Bear Lake...
Bear Lake Convention and Visitors Bureau

You’ll love spending the day at Bear Lake | How to spend a day at Bear Lake

Bear Lake is a place that needs to be experienced. Spend a day at Bear Lake.
Curb Appeal...
Price's Guaranteed Doors

How to have the best of both worlds for your house | Home security and curb appeal

Protect your home and improve its curb appeal with the latest security solutions like beautiful garage doors and increased security systems.
Prescription opioids can be disposed of during National Prescription Take Back Day...
Know Your Script

Prescription opioid misuse | How to protect your family from the opioid epidemic

Studies have shown that prescription opioid misuse has increased since COVID-19. So what do you need to know about these opioids?
national heart month...
Intermountain Healthcare

National Heart Month: 5 Lifestyle Changes to Make Today to Keep You Heart Healthy

Heart disease is the leading cause of death for both men and women. One person dies every 36 seconds in the United States from cardiovascular disease
Joseph Smith Memorial Building...
Temple Square

The Joseph Smith Memorial Building is an icon of Salt Lake City | Why hosting an event at this beautiful location will make you a hero this year

Here's why hosting an event at the iconic Joseph Smith Memorial Building in downtown Salt Lake City will make you a hero this year.
Another 712,000 Americans filed for unemployment benefits last week