900,000 Americans Filed for Unemployment
in Trump's Last Full Week as President.
The figures, released by the Labor Department
on Thursday, were slightly lower than the
910,000 economists had predicted.
The number is still nearly four times greater than pre-pandemic levels.
423,734 Americans also applied for
Pandemic Unemployment Assistance.
Continuing jobless claims
fell to about 5.1 million.
According to Fox News, about 40% of the labor force has filed for some sort of unemployment benefits amid the global health crises.
Though vaccines offer some
hope of a return to normalcy, .
new coronavirus variants have increased the probability of a prolonged third wave of infections.
While the vaccine offers a light at the end of the tunnel, we're still far away from a complete reopening of the economy that could drive rehiring and stem further layoffs, Daniel Zhao, Glassdoor senior economist, via Fox News