Another 742,000 Americans filed for unemployment claims last week, the first increase in a month

The pandemic is far from over as infections are on the rise and...

Posted: Nov 19, 2020 9:26 AM
Updated: Nov 19, 2020 9:27 AM

The pandemic is far from over as infections are on the rise and millions of Americans remain unemployed.

742,000 Americans filed for first-time unemployment benefits on a seasonally adjusted basis last week, the Labor Department reported on Thursday. That was a up from the week before and the first increase in unemployment claims since the week of October 10.

Claims are still more than three times higher than they were during the same period last year.

"It's hard to believe the recession is over if workers keep losing their jobs at this rate," wrote Chris Rupkey, chief financial economist at MUFG, in a note to clients.

Meanwhile, 320,237 workers filed claims under the Pandemic Unemployment Assistance program, which is designed to help those who aren't usually eligible for jobless benefits, such as the self-employed. That number also rose from the prior week.

Added together, first-time claims stood at 1.1 million, not adjusted for seasonal changes, a slight increase from the week before.

This is also a worrying development for the broader labor market, and that bad news could show up in the next jobs report. The increase in claims coincided with the survey week for the government's November report, which is due on December 4, noted Jennifer Lee, senior economist at BMO.

Continued jobless claims, which count people who have applied for benefits for at least two weeks in a row, came in at 6.4 million on a seasonally adjusted basis.

Economists worry that a growing number of people are exhausting their states' regular jobless benefits, which commonly last for 26 weeks. After that, the unemployed get rolled onto other government programs, including the Pandemic Emergency Umemployment Compensation program.

PEUC claims rose to 4.4 million in the week ended October 31. This figure lags regular first-time claims by two weeks.

In total, 20.3 million Americans were receiving some form of jobless benefits from the government at the end of October, a decrease of more than 800,000.

The pandemic benefits Washington created in the spring are set to expire at year-end, even as millions of people rely on them. In California, for example, some 750,000 people are estimated to lose their benefits at the end of December, according to analysis by the California Policy Lab.

Meanwhile, Covid-19 infections are rising around the country and the world, posing a serious risk for the economic recovery.

News of multiple promising vaccines soothed these worries temporarily, but economists caution that there's still a big difference between finding a vaccine and administering doses to millions of people.

Mississippi Coronavirus Cases

Data is updated nightly.

Cases: 149940

Reported Deaths: 3779
CountyCasesDeaths
DeSoto10097104
Hinds9984199
Harrison7116110
Jackson6360119
Rankin5588103
Lee509195
Madison4799106
Forrest383186
Jones357688
Lauderdale3496147
Lafayette326051
Washington3179107
Lamar291550
Oktibbeha245462
Bolivar241384
Lowndes237364
Panola222350
Neshoba2206118
Marshall217250
Leflore205590
Pontotoc199928
Monroe198177
Sunflower191655
Lincoln190865
Warren176857
Tate169851
Union167325
Copiah164140
Pike162658
Yazoo156039
Scott154829
Itawamba152935
Pearl River152167
Alcorn151328
Coahoma150543
Simpson148353
Prentiss146230
Adams141950
Grenada140945
Leake134944
Holmes130861
George125524
Tippah125230
Covington123439
Winston122224
Hancock121139
Wayne117923
Marion116646
Attala113034
Tishomingo109442
Chickasaw107632
Newton105629
Tallahatchie97027
Clay91327
Clarke90553
Jasper82822
Stone77014
Walthall76928
Calhoun75513
Montgomery74525
Carroll72415
Lawrence71814
Smith71316
Yalobusha71327
Noxubee71017
Perry67026
Tunica61019
Greene60322
Claiborne58616
Jefferson Davis57017
Amite54014
Humphreys53619
Benton49318
Quitman4927
Webster44314
Kemper43618
Wilkinson39822
Jefferson35211
Franklin3395
Choctaw3357
Sharkey30917
Issaquena1164
Unassigned00

Alabama Coronavirus Cases

Cases: 244993

Reported Deaths: 3572
CountyCasesDeaths
Jefferson32314500
Mobile19859361
Madison13223148
Tuscaloosa13049154
Montgomery12342236
Shelby1031577
Baldwin873398
Lee775766
Morgan662650
Calhoun6301119
Etowah627666
Marshall627255
Houston525638
DeKalb485536
Cullman439442
Limestone425145
St. Clair419555
Lauderdale407854
Elmore406864
Walker3657111
Talladega351454
Jackson320423
Colbert311942
Blount292240
Autauga273542
Franklin252633
Coffee245415
Dale232654
Dallas226232
Chilton223438
Russell22193
Covington218934
Escambia198331
Chambers176850
Tallapoosa176391
Pike158614
Clarke158419
Marion140236
Winston133023
Lawrence127936
Pickens123518
Geneva12218
Marengo121524
Bibb117917
Barbour117310
Butler116541
Randolph102921
Cherokee102224
Hale97031
Clay91924
Fayette91616
Washington91219
Henry8546
Lowndes79929
Monroe78911
Cleburne77214
Macon73722
Crenshaw71130
Bullock69619
Perry6886
Conecuh68414
Lamar6798
Wilcox63518
Sumter58122
Greene42618
Choctaw42213
Coosa3444
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