Please ensure Javascript is enabled for purposes of website accessibility

Prime Minister of Yemen’s Houthi Government Killed in Israeli Strike

3 days ago

Texas Gov. Greg Abbott Signs Law Redrawing Congressional Maps

3 days ago

US Air Force will Offer Military Funeral Honors to Slain Capitol Rioter

4 days ago

US Republican Senator Joni Ernst Will Not Run for Re-Election, CBS News Reports

4 days ago

Wall Street Falls as Dell, Nvidia Drive Tech Losses

4 days ago

US Denies Visas to Palestinian Officials Ahead of UN General Assembly

4 days ago

Minneapolis Children Revealed Courage, Absorbed Fear During Church Shooting

4 days ago

Ford Recalls Nearly 500,000 Vehicles Over Brake Fluid Leak

5 days ago

Fresno-Bound Passenger Says Delta Attendant Slapped Him, Seeks $20M

5 days ago
41 Million Have Lost Jobs Since Virus Hit, but Layoffs Slow
gvw_ap_news
By Associated Press
Published 5 years ago on
May 28, 2020

Share

WASHINGTON — Roughly 2.1 million people applied for U.S. unemployment benefits last week, a sign that companies are still slashing jobs in the face of a deep recession even as more businesses reopen and rehire some laid-off employees.

About 41 million people have now applied for aid since the virus outbreak intensified in March, though not all of them are still unemployed. The Labor Department’s report Thursday includes a count of all the people now receiving unemployment aid: 21 million. That is a rough measure of the number of unemployed Americans.

States are gradually restarting their economies by letting some businesses — from gyms, retail shops and restaurants to hair and nail salons — reopen with some restrictions. As some of these employers, including automakers, have recalled a portion of their laid-off employees, the number of people receiving unemployment benefits has fallen.

The national jobless rate was 14.7% in April, the highest since the Great Depression, and many economists expect it will near 20% in May.

States are gradually restarting their economies by letting some businesses — from gyms, retail shops and restaurants to hair and nail salons — reopen with some restrictions. As some of these employers, including automakers, have recalled a portion of their laid-off employees, the number of people receiving unemployment benefits has fallen.

First-time applications for unemployment aid, though still high by historical standards, have now fallen for eight straight weeks. In addition to those who applied last week, an additional 1.2 million applied under a new program for self-employed and gig workers, who are eligible for jobless aid for the first time. These figures aren’t adjusted for seasonal variations, so the government doesn’t include them in the overall data.

Analysts are monitoring incoming economic data to gauge how consumers are responding as many retail establishments gradually reopen. Jobs won’t return in any significant way as long as Americans remain slow to resume spending at their previous levels.

Data from Chase Bank credit and debit cards shows that consumers have slowly increased their spending since the government distributed stimulus checks in mid-April. Consumer spending had plunged 40% in March compared with a year earlier but has since rebounded to 20% below year-ago levels.

Most of that increase has occurred in online shopping, which has recovered to pre-virus levels after having tumbled about 20%. But offline spending, which makes up the vast majority of consumer spending, is still down 35% from a year ago, according to Chase, after having plummeted 50% at its lowest point.


THIS IS A BREAKING NEWS UPDATE. AP’s earlier story is below:

The U.S. government is set to sketch its latest picture Thursday of the layoffs that have left tens of millions of people unemployed but have slowed as states increasingly allow businesses to reopen.

Even with companies calling some laid-off employees back to work, millions more likely filed for unemployment benefits last week after nearly 39 million sought aid in the previous nine weeks as the coronavirus paralyzed the economy.

The pace of layoffs has declined for seven straight weeks, a sign that the cratering of the job market may have bottomed out. By historical standards, though, the number of weekly applications remains enormous.

The job cuts reflect an economy that was seized by the worst downturn since the Great Depression after the virus forced the widespread shutdown of businesses. The economy is thought to be shrinking in the April-June quarter at an annual rate approaching 40%. That would be, by far, the worst quarterly contraction on record.

RELATED TOPICS:

DON'T MISS

What Are Fresno Real Estate Experts Predicting for 2025 and Beyond?

DON'T MISS

First California EV Mandates Hit Automakers This Year. Most Are Not Even Close

DON'T MISS

Tulare County Authorities Investigate Porterville Shooting

DON'T MISS

Trump’s World Liberty Token Falls in First Day of Trading

DON'T MISS

Bessent Expects Supreme Court to Uphold Legality of Trump’s Tariffs but Eyes Plan B

DON'T MISS

Trump Says Rudy Giuliani Will Receive Top US Civilian Honor

DON'T MISS

Aid Flotilla for Gaza Departs Barcelona After Stormy Weather Turnaround

DON'T MISS

Fresno County Garnet Fire Grows to 18,748 Acres in Sierra National Forest

DON'T MISS

US Judge Blocks Deportations of Unaccompanied Migrant Children to Guatemala

DON'T MISS

Israel Pounds Gaza City Suburbs, Netanyahu to Convene Security Cabinet

DON'T MISS

Thousands in Australia March Against Immigration, Government Condemns Rally

DON'T MISS

Trump Says He Will Order Voter ID Requirement for Every Vote

UP NEXT

US Judge Blocks Deportations of Unaccompanied Migrant Children to Guatemala

UP NEXT

Trump Says He Will Order Voter ID Requirement for Every Vote

UP NEXT

Chicago Mayor Says Police Will Not Aid Federal Troops or Agents

UP NEXT

Judge Blocks Pillar of Trump’s Mass Deportation Campaign

UP NEXT

Dollar Trades Lower With Fed Cut In View, On Course For Monthly Drop

UP NEXT

New $250 Visa Fee Risks Deepening US Travel Slump

UP NEXT

Lawsuit Links CA Teen’s Suicide To Artificial Intelligence

UP NEXT

Hearing Ends Without Ruling On Trump’s Firing Of Fed Governor Cook

UP NEXT

Gov. Newsom Launches New Task Force To Clear CA Homeless Encampments

UP NEXT

Texas Gov. Greg Abbott Signs Law Redrawing Congressional Maps

Trump Says Rudy Giuliani Will Receive Top US Civilian Honor

8 hours ago

Aid Flotilla for Gaza Departs Barcelona After Stormy Weather Turnaround

8 hours ago

Fresno County Garnet Fire Grows to 18,748 Acres in Sierra National Forest

2 days ago

US Judge Blocks Deportations of Unaccompanied Migrant Children to Guatemala

2 days ago

Israel Pounds Gaza City Suburbs, Netanyahu to Convene Security Cabinet

2 days ago

Thousands in Australia March Against Immigration, Government Condemns Rally

2 days ago

Trump Says He Will Order Voter ID Requirement for Every Vote

2 days ago

Greta Thunberg Joins Flotilla Heading for Gaza With Aid

2 days ago

Chicago Mayor Says Police Will Not Aid Federal Troops or Agents

2 days ago

Post-War Gaza Plan Sees Relocation of Population, ‘Digital Token’ for Palestinian Land: Washington Post

2 days ago

Tulare County Authorities Investigate Porterville Shooting

Tulare County sheriff’s deputies are investigating a shooting that left a man injured in Porterville on Monday afternoon. Deputies were call...

6 hours ago

A man was hospitalized after being shot Monday, Sept. 1, 2025, afternoon in Porterville, and Tulare County sheriff’s detectives are investigating. (Tulare County SO)
6 hours ago

Tulare County Authorities Investigate Porterville Shooting

Zach Witkoff, Co-Founder and CEO of World Liberty Financial, Donald Trump Jr. and Eric Trump pose before they ring the opening bell to celebrate the closing of ALT5’s $1.5 billion offering and adoption of its $WLFI Treasury Strategy at the Nasdaq Market, in New York City, U.S., August 13, 2025. (Reuters File)
6 hours ago

Trump’s World Liberty Token Falls in First Day of Trading

U.S. Secretary of the Treasury Scott Bessent pays his bill during a Labor Day visit to McLean Family Restaurant in McLean, Virginia, U.S., September 1, 2025. (Reuters/Brian Snyder)
6 hours ago

Bessent Expects Supreme Court to Uphold Legality of Trump’s Tariffs but Eyes Plan B

Former New York City Mayor and former lawyer for U.S. President-elect Donald Trump, Rudy Giuliani walks outside United States District Court in Manhattan, where a judge will consider a request by two Georgia election workers to whom he owes $148 million for defamation to hold him in civil contempt for failing to turn over his assets, in New York City, U.S., January 3, 2025. (Reuters File)
8 hours ago

Trump Says Rudy Giuliani Will Receive Top US Civilian Honor

Swedish activist Greta Thunberg departs with other activists on the Global Sumud Flotilla, a humanitarian expedition to Gaza, from the port of Barcelona, Spain August 31, 2025. The Sagrada Familia is seen in the background. (Reuters File)
8 hours ago

Aid Flotilla for Gaza Departs Barcelona After Stormy Weather Turnaround

Photo: USDA - Forest Service Tanker 40 at Fresno Air Attack Base. The Fresno County Garnet Fire in the Sierra National Forest has burned 18,748 acres and is 8% contained as crews make progress on containment lines while bracing for possible thunderstorms early this week. (Sam Wu/USFS)
2 days ago

Fresno County Garnet Fire Grows to 18,748 Acres in Sierra National Forest

U.S. flag and Judge gavel are seen in this illustration taken, August 6, 2024. (Reuters File)
2 days ago

US Judge Blocks Deportations of Unaccompanied Migrant Children to Guatemala

Smoke rises from Gaza after an explosion, as seen from the Israeli side of the border, August 31, 2025. (Reuters/Amir Cohen)
2 days ago

Israel Pounds Gaza City Suburbs, Netanyahu to Convene Security Cabinet

Search

Help continue the work that gets you the news that matters most.

Send this to a friend