The pandemic has led to churn in the job market — layoffs, rehires and new hires that reflect shifting demand in the economy.
While new jobless claims fell below 1 million for the first time in 21 weeks, we're still a long way away from a "good" economy.
More than 1.4 million laid-off Americans applied for unemployment benefits last week
Money in jobless people's pockets can stimulate the economy, but longer unemployment payments could slow a recovery, experts say.
For some people, moving might be an option. For others, not much might change.
Normally, jobless workers receiving unemployment cut their spending by 7%. But a JPMorgan Chase study found it's rising — by 10%.
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.