The number of applications for unemployment benefits in the US has decreased but remains historically high | FREE NEWS

The number of applications for unemployment benefits in the US has decreased but remains historically high

According to the Labor Department, about 787,000 applications were filed last week.

The US Labor Department on Thursday reported that about 787,000 Americans applied for unemployment benefits last week. This is a historically high figure, but it is down by 73,000 compared to the previous week.

More than 8.4 million people remain unemployed in the United States, and the unemployment rate last week was 7.9 percent. Economists say this figure may remain high for several more months. Only a little more than half of the 22 million jobs lost in the United States due to the coronavirus pandemic have been restored.

The latest weekly figures are much lower than at the end of March when 6.9 million people applied for benefits, but still far above the level seen before the pandemic.

Employers have rehired millions of workers who were laid off due to business closures earlier this year. Still, some hard-hit businesses are slow to ramp up activity or have closed altogether.

Also, major corporations such as AT&T, Warner Media, Walt Disney, and Allstate, as well as several airlines, have announced large-scale layoffs in recent weeks.

President Donald Trump and Democratic lawmakers have yet to agree on a new economic aid package, although negotiations are ongoing.

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