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More and more people sought US unemployment assistance as the layoffs continued. National news
WASHINGTON (AP) — The US Government will provide an up-to-date snapshot of the layoff pace on Thursday. The layoffs have continued to rise, but have declined as some sectors of the economy recovered in the months following the viral pandemic eruption.
The number of people seeking unemployment benefits each week exceeds that of any week on record before the virus caused a recession in early spring.
The government’s August employment report showed that the economy recovered about half of the approximately 22 million jobs lost in the pandemic. Many employers struggle, especially small retailers, hotels, restaurants, airlines and entertainment venues. And millions of Americans face unemployment with reduced benefits.
The confirmed viral infection rates have fallen in the last few weeks, well above spring rates. Many analysts say the economy will not be able to sustain a recovery until vaccines are available.
Copyright 2020 Associated Press. all rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
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