More Than 1.4 Million Americans File New Unemployment Claims

More than 1.4 million American workers filed new unemployment claims last week, an increase over the previous week as new restrictions are being put in place to slow the spread of COVID-19.

According to the U.S. Department of Labor, 1.43 million workers filed new claims for unemployment benefits in the week ending July 25, up 12,000 from the week ending July 18. It was the second week in a row that new claims increased.

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Ohio Unemployment Fell Slightly Last Week, Still Hovers Above 400,000 Claims

Although new claims dropped slightly from the previous week, Ohio’s unemployment remains above 400,000.

New claims fell by 2,910 during the last full week of July, from 30,325 to 27,415. The total number of claims dropped 28,160 in the time period between July 11 and July 18.

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Ohio Unemployment in June Falls 23,000 from Prior Week

Ohio unemployment climbed by more than 35,000 new claims last week, bringing the state’s total number of unemployment claims to 410,784.

The week-over-week unemployment tally in Ohio rose by 1,024 new claims in the week ending July 4 to 35,854 new claims in the week ending July 11, according to U.S. Department of Labor data.

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Ohio’s New Unemployment Numbers Continue Slight Decline

New unemployment claims dropped slightly in Ohio last week, a trend also reflected in national numbers reported by the U.S. Department of Labor.

The week-over-week numbers reported for Ohio the week ending July 4 show 33,176 new initial claims, a decrease of 2,732 initial unemployment claims from the previous week’s 35,908 new claims.

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Weekly Jobless Claims Lower Than Expected at 1.3 Million

Jobless claims for the past week were lower than economists had predicted as workers begin returning to their jobs, according to data from the Labor Department shows.

The total number for jobless claims for the week ending in July 4 was 1.3 million, according to the Labor Department data, which is 99,000 fewer claims than the previous week. Economists surveyed by Down Jones had predicted 1.39 million jobless claims, according to CNBC.

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Adding Another 35,000 Claims Last Week, Ohio Unemployment Remains Above 425,000

Despite more than 35,000 new unemployment claims in Ohio last week, the total number of people receiving unemployment benefits dropped.

According to U.S. Department of Labor data, Ohio added 35,206 new unemployment claims in the week ending June 27. That’s 280 more than the previous week’s 34,926 new claims and brings the total number of unemployment claims in the state to 426,452, down 39,820 from the previous week’s 466,363 total number.

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New U.S. Unemployment Claims Drop Below 2 Million, but Total Claims Top 42 Million

The number of new unemployment claims filed last week dropped to 1.88 million, the first time weekly claims didn’t exceed 2 million since mid-March.

Still, the total number of claims filed since government restrictions closed businesses deemed nonessential to slow the spread of COVID-19 surpassed 42 million in the 11 weeks since states began shutting down significant parts of their economy.

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US Job Losses in May Could Raise 3-Month Total to 30 Million

The epic damage to America’s job market from the viral outbreak will come into sharper focus Friday when the government releases the May employment report: Eight million more jobs are estimated to have been lost. Unemployment could near 20%. And potentially fewer than half of all adults may be working.

Beneath the dismal figures will be signs that job cuts, severe as they are, are slowing as more businesses gradually or partially reopen. Still, the economy is mired in a recession, and any rebound in hiring will likely be painfully slow. Economists foresee unemployment remaining in double-digits through the November elections and into 2021.

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