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A rising number of people who have lost jobs say they consider their loss to be permanent.
The decline suggests that layoffs are slowing, though last week’s figure is still above the pre-pandemic record of just under 700,000.
It’s evidence that the coronavirus keeps forcing companies to slash jobs just as the weekly federal jobless payment has expired.
The rise in weekly jobless claims to 1.4 million underscores the outsize role the unemployment insurance system is playing as a safety net.
The number of laid-off workers seeking jobless aid is stuck at a historically high level.
The six states that have had to reverse business reopenings make up one-third of the economy.
It’s the 12th straight drop in first-time claims, a sign that layoffs are slowing but still at a high level.
About 1.5 million laid-off workers applied for U.S. unemployment benefits last week.
Rehiring may be offsetting some of the layoffs, but unemployment is still excessively high.
The executive director of the Texas Workforce Commission said they’re making some allowances so people who choose not to go back to work keep receiving benefits.