stripes.com 31 Dec, 2020 21:30 am

Jobless claims down 19,000; still four times pre-pandemic level

The number of Americans seeking unemployment benefits fell by 19,000 last week to still historically high 787,000 as a resurgent coronavirus grips the U.S. economy.

Jobless claims down 19,000; still four times pre-pandemic level A "Now Hiring" sign hangs on the front wall of a Harbor Freight Tools store, Thursday, Dec.Jobless claims were running around 225,000 a week before the pandemic struck with force last March, causing weekly jobless claims to surge to a high of 6."While prospects for the economy later in 2021 are upbeat, the economy and labor market will have to navigate some difficult terrain between now and then and we expect (jobless) claims to remain elevated," said Nancy Vanden Houten, lead U.Earlier this month, Trump administration officials said they planned to have 20 million doses of the vaccine distributed by the end of the year.

4 million doses have been distributed and only 2.While at the lowest level in four weeks, the new figures released Thursday by the Labor Department are nearly four times higher than last year at this point before the coronavirus struck.

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