- The number of Americans applying for state unemployment benefits remained significantly higher than pre-pandemic levels last week, indicating that layoffs are still elevated as the economy slowly recovers from the coronavirus pandemic.
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The latest jobless claims figures from the Labor Department, which cover the week ending Nov. 7, show that 709,000 workers sought aid last week, about four-times the pre-crisis level. Still, it's well below the peak of nearly 7 million in late March, when states first implemented lockdown measures to curb the spread of COVID-19.
More than 66 million Americans ‒ roughly 40% of the nation's labor force ‒ have applied for aid since the coronavirus lockdowns began in mid-March. Read more at FOX Business
