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Layoffs remain elevated as 898,000 seek unemployment aid - US

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  • Layoffs remain elevated as 898,000 seek unemployment aid - US

    By Christopher Rugaber
    Published 7 hours ago
    Updated 1 hour ago

    WASHINGTON (AP) - The number of Americans seeking unemployment benefits rose last week by the most in two months, to 898,000, a historically high number and evidence that layoffs remain a hindrance to the economy’s recovery from the pandemic recession.

    Thursday’s report from the Labor Department coincides with other recent data that have signaled a slowdown in hiring. The economy is still roughly 10.7 million jobs short of recovering all the 22 million jobs that were lost when the pandemic struck in early spring.

    https://www.fox6now.com/news/layoffs...employment-aid
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