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.
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…
