In the recovery this year, wages are likely to stagnate for returning service workers, economists predict.
Before the virus struck, applications typically numbered around 225,000 a week before shooting up to 6.9 million in early spring.
The headline items are $600 checks to individuals and an additional $300 per week in unemployment benefits for many.
Direct payments in the range of $600 and extra unemployment benefits around $300 per week are on the table.
Nine months after the viral pandemic first paralyzed the economy, many employers are still slashing jobs.
When workers can use unemployment benefits to cover their basic needs, policy expert Alix Gould-Werth says they’re able to find better paying jobs.
The 853,000 new applications are evidence that some companies are cutting more jobs as new virus cases spiral higher.
The number of Americans applying for unemployment benefits fell last week to a still-high 712,000.