New jobless claims still exceed 750,000 in last week before election

(Image credit: Joe Raedle/Getty Images)

published 29 October 2020

Unemployment claims are continuing to sink, but they're still far above even pre-pandemic records.

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 week before, marking a continuing slide in the final jobs report before the election.

Jobless claims hit an overwhelming record high in the beginning of the COVID-19 pandemic, and have largely decreased since then. But their decline has slowed over the past few months as the pandemic continues — and starts to worsen again. Congress has also failed to agree on a COVID-19 relief package that could extend loans to businesses that would let them rehire workers, as well as boost the amount of benefits unemployed people receive.

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Kathryn is a graduate of Syracuse University, with degrees in magazine journalism and information technology, along with hours to earn another degree after working at SU's independent paper The Daily Orange. She's currently recovering from a horse addiction while living in New York City, and likes to share her extremely dry sense of humor on Twitter.

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