New Unemployment Claims Linger Around 1 Million

States reported that 1 million U.S. workers filed for new unemployment benefits during the week ending Aug. 22, a decrease of 98,000 from the previous week. The total number of workers continuing to claim unemployment benefits fell to 14.5 million last week after peaking at nearly 25 million in early May, indicating a slow recovery. Another 11 million people continue to claim unemployment under the newly created Pandemic Unemployment Assistance program providing jobless benefits to workers previously not eligible for unemployment. New applications for unemployment benefits have held at around one million per week, well above the pre-pandemic levels of about 200,000 claims per week.
Source: New feed 2