Business News

900,000 Americans filed for unemployment insurance last week


By ABC News

(WASHINGTON) — Some 900,000 workers in the United States lost their jobs and filed for unemployment insurance last week, the U.S. Department of Labor said Thursday. 

This is a decrease of 26,000 jobless claims compared to the previous week.

The Department of Labor said Thursday that nearly 16 million people were still claiming some form of unemployment benefits through all government programs as of the week ending Jan. 2. During the same week last year, that figure was 2.2 million.

The coronavirus pandemic as well as measures to curb the virus’ spread have gutted the U.S. labor market. Before the pandemic hit, in February 2020, the national unemployment rate was at a half-century low of 3.5%. As of last month, the unemployment rate was 6.7%.

Copyright © 2021, ABC Audio. All rights reserved.