As weekly jobless claims continue to climb, unemployment systems are still processing a backlog.
Another 2.2 million sought aid under a new program for self-employed, contractor and gig workers.
Workers lost $80 billion in pay in April due to the pandemic, but only got $48 billion in unemployment benefits, according to the Hamilton Project.
Still, the number of first-time applications has now declined for six weeks straight.
The statistics the government uses to measure unemployment are likely underreporting the results of the pandemic.
With the weekly jobless claims out Thursday, we look at whether the tight labor market is creating opportunities for younger workers. Are employers more willing to look at — and train — younger workers? And are young workers prepared for…
Back in '73, the U.S. was already in a recession that would leave deep scars on the economy.