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41 million have lost jobs since virus hit, but layoffs slow

41 million have lost jobs since virus hit, but layoffs slow Photo: WDIO/MGN

CHRISTOPHER RUGABER AP Economics Writer
Created: May 28, 2020 12:11 PM

WASHINGTON (AP) - Roughly 2.1 million people applied for U.S. unemployment benefits last week, a sign that companies are still slashing jobs in the face of a deep recession even as more businesses reopen and rehire some laid-off employees.

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About 41 million people have now applied for aid since the virus outbreak intensified in March, though not all of them are still unemployed. The Labor Department’s report Thursday includes a count of all the people now receiving unemployment aid: 21 million.

That is a rough measure of the number of unemployed Americans.  

The national jobless rate was 14.7% in April, the highest since the Great Depression.

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CHRISTOPHER RUGABER AP Economics Writer

Copyright 2020 The Associated Press. All rights reserved.

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