Mass. Unemployment Filings On The Rise As National Claims Fall

Jobless claims fall to 751,000, lowest level since March

Jobless claims fall to 751,000, lowest level since March

Around 751,000 Americans filed unemployment claims for the first time last week, Labor Department numbers released Thursday revealed.

That's down 40,000 from the prior week, which was revised slightly higher.

The still-elevated number of jobless claims underscores that a full recovery from the pandemic recession remains far off. In recent weeks they have fallen below 800,000 for the first time since claims first spiked in March as coronavirus-fueled shutdowns began.

Thursday's report from the Labor Department said the number of people who are continuing to receive unemployment benefits fell more than 700,000 to 7.76 million. That's up almost 15,000 from the week before. Job growth has slowed for three straight months, leaving the economy still 10.7 million jobs short of its pre-pandemic level.

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Initial claims for unemployment compensation remain above 17,000 and essentially unchanged over the past two weeks, the OH human services agency said Thursday.

It resulted in $11.3 million in standard unemployment benefits, $8 million in Pandemic Emergency Unemployment Compensation, $3.6 million in Pandemic Unemployment Assistance and $1.5 million in State Extended Benefits.

Ohioans filed 266,208 continued jobless claims last week, which was 510,094 fewer than - or less than half (about 34 percent) of - the peak earlier this year.

The drops mark an end to a four-week-long rise in new jobless benefit claims in the Buckeye State, and they also continue a weeks-long decline in the number of ongoing claims. Claims rose in Arizona, Illinois and MI.

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