* Sorry for coming a day late to this. Busy week. ABC News…
The number of people seeking unemployment aid soared last week to 965,000, the most since late August and a sign that the resurgent virus has likely escalated layoffs.
The latest figures for jobless claims, issued Thursday by the Labor Department, remain at levels never seen until the virus struck. Before the pandemic, weekly applications typically numbered around 225,000. They spiked to nearly 7 million last spring, after nationwide shutdowns took effect. Applications declined over the summer but have been stuck above 700,000 since September.
The high pace of layoffs coincides with an economy that has faltered as consumers have avoided traveling, shopping and eating out in the face of soaring viral caseloads. More than 4,300 deaths were reported Tuesday, another record high. Shutdowns of restaurants, bars and other venues where people gather in California, New York and other states have likely forced up layoffs. […]
Economists say that once coronavirus vaccines are more widely distributed, a broader recovery should take hold in the second half of the year. The incoming Biden administration, along with a now fully Democratic-led House and Senate, is also expected to push more rescue aid and spending measures that could accelerate growth.
* CBS 2…
The Illinois Department of Employment Security (IDES) reported 94,944 new unemployment claims were filed during the week of Jan. 4 in Illinois, a 109% increase from the week before.
For comparison, during the same timeframe last year, 12,703 people filed claims in Illinois. That’s a 647% increase. […]
There were 45,387 new unemployment claims were filed during the week of Dec. 27 in Illinois.
There were 110,486 claims filed in Illinois the week of Dec. 20.