Marketplace®

Daily business news and economic stories

Layoffs stuck at high level as 1.3 million seek jobless aid

The six states that have had to reverse business reopenings make up one-third of the economy.

The persistently elevated level of layoffs are occurring as a spike in virus cases has forced six states to reverse their move to reopen businesses.
The persistently elevated level of layoffs are occurring as a spike in virus cases has forced six states to reverse their move to reopen businesses.
Dia Dipasupil/Getty Images

More than 1.3 million Americans applied for unemployment benefits last week, a historically high pace that shows that many employers are still laying people off in the face of a resurgent coronavirus.

The persistently elevated level of layoffs are occurring as a spike in virus cases has forced six states to reverse their move to reopen businesses. Those six — Arizona, California, Colorado, Florida, Michigan and Texas — make up one-third of the U.S. economy. Fifteen other states have suspended their re-openings. Collectively, the pullback has stalled a tentative recovery in the job market and is likely triggering additional layoffs.

Related Topics

Latest Episodes

View All Shows
  • Marketplace Morning Report
    30 minutes ago
    7:04
  • Marketplace Tech
    2 hours ago
    11:03
  • Marketplace
    14 hours ago
    25:19
  • Make Me Smart
    19 hours ago
    19:00
  • This Is Uncomfortable
    3 days ago
    56:05
  • Million Bazillion
    24 days ago
    32:45