Jobless claims fall to 881,000 but layoffs remain elevated
By PAUL WISEMAN AP Economics Writer
WASHINGTON (AP) — The number of laid-off Americans applying for unemployment benefits fell to a still-elevated 881,000 last week, evidence that the viral pandemic keeps forcing many businesses to slash jobs.
The latest figures suggest that nearly six months after the eruption of the coronavirus, the economy is still struggling to sustain a recovery and rebuild a job market that was devastated by the recession.
In the previous week, more than 1 million had sought jobless aid. All told, the government said that 13.3 million people are continuing to receive traditional jobless benefits, up from 1.7 million a year ago.