While still declining, pandemic unemployment levels still reached over 2.4 million last week, bringing the total unemployed to over 38 million:
CNBC – First-time filings for unemployment insurance totaled 2.44 million last week as the tail effects of the coronavirus shutdown continued to impact the U.S. jobs market.
Economists surveyed by Dow Jones had been looking for 2.4 million claims.
The seasonally adjusted total, while still well above anything the nation had seen in pre-coronavirus America, represents the seventh straight week of a declining pace following the record peak of 6.9 million in late March.
For a little ‘good news’, last week was revised downward:
In addition, a review from last week brought the number down substantially, from 2.98 million to 2.69 million. In the nine weeks since the coronavirus-induced lockdown has closed large parts of the U.S. economy, some 38.6 million workers have filed claims.
38.6 million people as America starts to get back to work. That’s a hefty number to overcome, but thankfully much of the country is at least starting to head in the right direction. My state will be opening restaurants and hair salons this weekend at 50% capacity and I’m so excited because I can finally get a HAIRCUT!