It’s the thirty second week since thousands and thousands of Individuals started making use of for unemployment advantages due to pandemic-induced layoffs as authorities tried to cut back the unfold of the lethal coronavirus. For the week that ended October 24, the Division of Labor reported Thursday, 751,000 newly jobless employees filed for state unemployment insurance coverage and 360,000 filed for federal advantages beneath the Pandemic Unemployment Help program, for a complete of 1.1 million. That’s down 25,000 from the earlier week. The PUC covers free-lancers and different self-employed individuals who aren’t eligible for advantages beneath the state applications.
Though filings are nothing now just like the thousands and thousands who filed every week for 5 weeks straight in March and April, preliminary functions for state or federal advantages are persevering with presently at greater than 4 instances the weekly common within the 5 years earlier than the pandemic struck. And there’s a darkish cloud approaching.