Please ensure Javascript is enabled for purposes of website accessibility

West Bank Town Becomes ‘Big Prison’ as Israel Fences It In

3 days ago

Trump Says He’s Willing to Let Migrant Farm Laborers Stay in US

3 days ago

US Electric Vehicle Tax Breaks Will Expire on Sept. 30

4 days ago

Eyeing Arctic Dominance, Trump Bill Earmarks $8.6 Billion for US Coast Guard Icebreakers

4 days ago

Trump’s Sweeping Tax-Cut and Spending Bill Wins Congressional Approval

4 days ago

Americans Celebrate Their Independence With Record-Breaking Travel Numbers

4 days ago

US Supreme Court to Decide Legality of Transgender School Sports Bans

4 days ago

Nvidia Set to Become the World’s Most Valuable Company in History

4 days ago

Poll: 41% in US ‘Extremely Proud’ to Be American, Near Historic Low

4 days ago
US Jobless Claims Down 14,000 to 385,000 as Economy Rebounds
gvw_ap_news
By Associated Press
Published 4 years ago on
August 5, 2021

Share

WASHINGTON — The number of Americans applying for unemployment benefits fell last week by 14,000 to 385,000, more evidence that the economy and the job market are rebounding briskly from the coronavirus recession.

The Labor Department reported Thursday that unemployment claims — a proxy for layoffs — dropped last week from a revised 399,000 the week before. The applications have more or less fallen steadily since topping 900,000 in early January. Still, they remain high by historic levels: Before the pandemic slammed the United States in March 2020, they were coming in at around 220,000 a week.

Since cratering in the spring of 2020, the U.S. economy has bounded back as the rollout of vaccines encourages businesses to reopen or return to normal operating hours and consumers to return to shops, restaurants and bars. The United States has been adding more than 540,000 jobs a month this year, and the Labor Department’s July jobs report out Friday is expected to show it tacked on nearly 863,000 more last month, according to a survey of economists by the data firm FactSet.

The U.S. economy is still 6.8 million jobs short of where it stood in February 2020.

Resurge of COVID Cases Hasn’t Had Noticeable Economic Impact

Companies are posting job openings — a record 9.2 million in May — faster than applicants are showing up to fill them. Many states have responded to business complaints of a labor shortage by ending expanded federal unemployment benefits meant to ease financial strains from the health crisis, including an extra $300 a week on top of traditional state benefits. The federal benefits are scheduled to expire nationwide Sept. 6.

Altogether, 13 million Americans were receiving some type of unemployment aid the week of July 17, down from 13.2 million the previous week and 32 million a year earlier.

The health crisis isn’t over. COVID-19 cases are rising as the highly contagious delta variant spreads, largely among the unvaccinated. The United States is reporting an average of more than 70,000 new cases a day, up from fewer than 12,000 a day in late June.

So far, the uptick in cases hasn’t had noticeable economic consequences. “The surge in Covid cases related to the delta variant is unlikely to cause a renewed spike in joblessness as there have been few shutdowns so far,” Contingent Macro Advisors said in a research note.

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

How Trump’s ‘Big, Beautiful Bill’ Will Make China Great Again

DON'T MISS

What’s Caitlin Clark Worth to the WNBA? A Lot More Than Her $78,066 Salary.

DON'T MISS

Trump to Sign Tax-Cut and Spending Bill in July 4 Ceremony

DON'T MISS

Madre Fire Spurs Evacuations Across 3 Counties, Grows to More Than 70,000 Acres

DON'T MISS

Clovis, Sanger, Madera, and Bass Lake Will Light the Sky With Fireworks Shows Tonight

DON'T MISS

Oil Dips Ahead of Expected OPEC+ Output Increase

DON'T MISS

613 Killed at Gaza Aid Distribution Sites, Near Humanitarian Covoys, Says UN

DON'T MISS

Fresno County Authorities Investigating Suspicious Death of Transient Man

DON'T MISS

West Bank Town Becomes ‘Big Prison’ as Israel Fences It In

DON'T MISS

Israeli Military Kills 20 in Gaza as Trump Awaits Hamas Reply to Truce Proposal

UP NEXT

Oil Dips Ahead of Expected OPEC+ Output Increase

UP NEXT

Stocks Hit Record, US Dollar Strengthens After Jobs Data

UP NEXT

Trump Administration Will Focus on Fed Chair Replacement in Fall, Bessent Says

UP NEXT

Wall Street Edges Down After ADP Shock. Focus on Trade Talks, Payrolls Data

UP NEXT

Dollar Gains Ground Against Major Peers After Better-Than-Expected US Jobs Data

UP NEXT

Powell Reiterates Fed Will Wait for More Data Before Cutting Rates

UP NEXT

US Senate Republicans Struggling to Unite on Trump’s $3.3 Trillion Tax-Cut Bill

UP NEXT

S&P 500, Nasdaq Close at Record Highs, Cap Best Quarter in Over a Year

UP NEXT

CA’s Population Shrank in Trump’s First Immigration Crackdown. It Could Happen Again

UP NEXT

Oil Prices Slip on Easing Middle East Risks

Wanted Fugitive Found Hiding in Attic Arrested in Chowchilla

2 hours ago

Trump Says US Will Impose 25% Tariffs on Japan, South Korea

2 hours ago

Wall Street Knocked Lower by Tariff Jitters, Musk’s Political Plan Hurts Tesla

2 hours ago

Trial Over Free Speech on Campus, and Trump’s Student Crackdown, Begins

2 hours ago

Planned Parenthood Sues Trump Administration Over Planned Defunding

3 hours ago

San Luis Obispo’s Madre Fire Injures 1 Firefighter, Burns Over 80,000 Acres

3 hours ago

Two Border Patrol Officers Injured After Gunman Opens Fire in Texas

3 hours ago

Fresno Police Arrest 9 at Independence Day DUI Checkpoint

3 hours ago

Schumer Wants Probe of National Weather Service Response in Texas

3 hours ago

Israeli Guilt Over Gaza Lurks Beneath Silence and Denial

3 hours ago

Man Dead After Firing at US Border Patrol Station in Texas

WASHINGTON – A 27-year-old Michigan man was shot dead by police after opening fire with an assault rifle on a U.S. Border Patrol stati...

59 minutes ago

Photo of caution tape
59 minutes ago

Man Dead After Firing at US Border Patrol Station in Texas

The Flume Fire in Sequoia National Forest has burned 65 acres near Highway 190 with no containment as of Monday, July 7, 2025, prompting evacuations in Tulare County. (CalFire)
1 hour ago

Tulare County Flume Fire Burns 65 Acres in Sequoia National Forest, Evacuation Order Issued

Firefighters stopped the forward progress of the Fish Fire near Avocado Lake after it burned 15 acres Monday, July 7, 2025, reaching 50% containment. (CalFire)
1 hour ago

Fresno County Fish Fire Burns 15 Acres Near Avocado Lake, 50% Contained

Gary White, 42, a wanted fugitive, was arrested in Chowchilla after deputies found him hiding in an attic and he surrendered without incident on Thursday, July 3, 2025. (Madera County SO)
2 hours ago

Wanted Fugitive Found Hiding in Attic Arrested in Chowchilla

Containers on a cargo ship are pictured at an industrial port in Tokyo, Japan, July 2, 2025. (Reuters File)
2 hours ago

Trump Says US Will Impose 25% Tariffs on Japan, South Korea

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., June 30, 2025. (Reuters/Brendan McDermid)
2 hours ago

Wall Street Knocked Lower by Tariff Jitters, Musk’s Political Plan Hurts Tesla

Protesters march near the campus of Columbia University in upper Manhattan to demand the release of Mahmoud Khalil, a Palestinian activist and former Columbia student, on March 14, 2025. A federal judge in Boston on Monday, July 7, 2025, will hear opening statements in a trial expected to present the foremost challenge to the Trump administration’s aggressive posture toward foreign students who espoused pro-Palestinian views. (Dave Sanders/The New York Times)
2 hours ago

Trial Over Free Speech on Campus, and Trump’s Student Crackdown, Begins

Activists for Planned Parenthood demonstrate as the U.S. Supreme Court hears oral arguments in South Carolina's bid to cut off public funding to Planned Parenthood, in Washington, D.C., U.S., April 2, 2025. (Reuters File)
3 hours ago

Planned Parenthood Sues Trump Administration Over Planned Defunding

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

Search

Send this to a friend