
Unemployment Claims Rise to 240k, Highest Since August
The number of Americans applying for unemployment benefits rose to the highest level since August but still remains low by historic standards.
The number of Americans applying for unemployment benefits rose to the highest level since August but still remains low by historic standards.
The number of Americans applying for unemployment benefits last week rose to the highest level in more than eight months in what may be a sign that the labor market is weakening.
Massachusetts is tightening up access to jobless benefits as the state emerges more fully from the pandemic.
Massachusetts employers added 14,100 jobs in February as the state’s unemployment rate fell to 7.1 percent, labor officials announced Friday.
Four times as many jobs were lost last year due to the coronavirus pandemic as during the worst part of the global financial crisis in 2009, a U.N. report said Monday.
A government watchdog has found that the Labor Department’s widely watched weekly unemployment benefits data are providing an inaccurate reading on the number of newly laid off workers because of flaws in the government’s data collection.
Confirmed COVID-19 cases are not the only pandemic-era numbers on the rise again: total new unemployment claims in Massachusetts last week reached the highest level in more than five months.
The state’s unemployment rate dropped into single digits in September after spending five months above 10 percent, as employers reported adding 36,900 jobs and Massachusetts continued its economic recovery from the sudden COVID-inflicted recession.
The Massachusetts unemployment rate that soared during the coronavirus pandemic fell to 16.1 percent in July, yet remains the highest in the nation.
The number of first-time unemployment aid claims crept up last week in both Massachusetts and nationwide compared to the prior week, hinting at ongoing volatility in the job market and continuing economic uncertainty more than four months into the pandemic.
New standard unemployment claims in Massachusetts bounced back up last week after nine straight weeks of decline, even as claims at the national level continued to fall.
Another 38,000 Massachusetts residents filed first-time jobless claims for the week ending May 16, bringing the total number of first-time jobless claims filed since March 15 up to just shy of 30 percent of the state’s March workforce.
A range of workers previously ineligible for unemployment benefits can now seek state aid if they are unable to work because of the COVID-19 outbreak and its impacts on public life.
New, partial guidance from the federal government will allow Massachusetts to open its unemployment system up to independent contractors, gig workers and self-employed Bay Staters later this month.
Massachusetts’ jobless numbers jumped by another 139,582 workers last week, according to information released Thursday morning by the federal Department of Labor.