Connect with us

Business

Jobless claims remained at historic highs last week, as Biden inherits the worst job market of any modern president – The Washington Post

Weekly unemployment claims remain near 1 million, far above previous recessions, because of the surging pandemic.

Published

on

ADVERTISEMENT

The number of new unemployment claims filed each week has remained above the pre-pandemic record of 695,000 since coronavirus cases starting rising in March. Jobless claims have also risen in recent weeks.
Economists have cautioned about reading too deeply into the weekly fluctuations of the statistic, noting that issues with data processing and duplicate claims have at times inflated the numbers.
Still, the benchmark paints a dire portrait. Weekly jobless claims are now near what they were at the…

Click here to view the original article.

Continue Reading
Advertisement

You might also like ...

Article feature image
Dallas Cowboys Owner Slammed Over ‘Hitting The Jackpot’ With Gas Prices As Texans Suffer – HuffPost
Article feature image
A Texas grocery store lost power and let people leave without paying. Shoppers paid it forward. – The Washington Post
Article feature image
Texas power grid operator ERCOT sued over blackouts – Fox News