Unemployment ticked up last week as 742,000 new unemployment claims were filed, according to numbers released this morning by the U.S. Labor Department. That number is a bit worse than expectations and is an increase of 31,000 from the previous week’s revised level of 711,000. While vaccine news has been positive in recent days, there is for now no stimulus help available for millions businesses and jobs impacted by the COVID-19 pandemic. As the pandemic continues to surge across the nation, with states posting record numbers of cases, many officials are instituting new or additional business closures and limitations that could further negatively affect the economy and unemployment. There are currently a total of 20,319,615 people claiming unemployment benefits from government programs.
Unemployment ticks up as 742,000 claims filed last week
