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Jobless claims rise as cutoff of extra $600 benefit nears

Jobless claims rise as cutoff of extra $600 benefit nears Photo: WDIO/MGN

CHRISTOPHER RUGABER AP Economics Writer
Created: July 23, 2020 04:52 PM

WASHINGTON (AP) - The virus pandemic’s resurgence caused the number of Americans seeking unemployment benefits to rise last week for the first time in nearly four months, evidence of the deepening economic pain the outbreak is causing.

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The increase in weekly jobless claims to 1.4 million served to underscore the outsize role the unemployment insurance system is playing among the nation’s safety net programs - just when a $600 weekly federal aid payment for the jobless is set to expire at the end of this week. All told, the Labor Department said Thursday that the total number of people receiving jobless benefits fell 1.1 million to 16.2 million. 

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CHRISTOPHER RUGABER AP Economics Writer

Copyright 2020 The Associated Press. All rights reserved.

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