STREAMING NOW: Watch Now

Unemployment claims have fallen for 3 months, but millions still need jobless benefits

Allianz Chief Economic Adviser Mohamed El-Erian says stimulus measures should help the market avoid revisiting March lows.

Posted: Jun 25, 2020 10:50 AM
Updated: Jun 25, 2020 10:50 AM

First-time claims for unemployment benefits have fallen in every report for the past 12 weeks. Still, the American jobs crisis is far from over: Another 1.5 million Americans filed initial jobless claims last week.

That's emblematic of how contradictory the current pandemic recession is. Conditions in the US labor market are undoubtedly improving, but the road to recovery is long and littered with obstacles.

Last week's new jobless claims brought the total number of claims filed since the mid-March to 47.3 million.

And that massive number doesn't include claims filed under the pandemic program that Congress created to provide benefits to more workers who typically aren't eligible for unemployment benefits, including the self-employed. Another 728,000 people in 46 states claimed first-time pandemic unemployment assistance, the Department of Labor said Thursday, about 43,000 fewer applications than the week before.

Continued regular jobless claims, which count people who have filed for unemployment benefits for at least two weeks in a row, stood at 19.5 million, down from 20.3 million in the week before.

On top of that, continued pandemic claims stood at more than 11 million across 46 states. That's up nearly 1.7 million from the prior week. The pandemic program will expire at the end of the year.

Adding up traditional and pandemic benefits, as well as pandemic emergency unemployment compensation benefits, more than 30.5 million Americans claims jobless aid in the first week of June.

Lawmakers created the latter program to provide those who have exhausted their benefits with an additional 13 weeks of payments. It also expires at the end of 2020.

West Lafayette
Clear
86° wxIcon
Hi: 91° Lo: 67°
Feels Like: 89°
Kokomo
Clear
83° wxIcon
Hi: 89° Lo: 66°
Feels Like: 84°
Rensselaer
Clear
82° wxIcon
Hi: 87° Lo: 64°
Feels Like: 84°
Fowler
Clear
82° wxIcon
Hi: 88° Lo: 66°
Feels Like: 84°
Williamsport
Clear
86° wxIcon
Hi: 90° Lo: 66°
Feels Like: 88°
Crawfordsville
Clear
82° wxIcon
Hi: 90° Lo: 66°
Feels Like: 84°
Frankfort
Overcast
85° wxIcon
Hi: 90° Lo: 67°
Feels Like: 88°
Delphi
Clear
85° wxIcon
Hi: 90° Lo: 66°
Feels Like: 85°
Monticello
Clear
85° wxIcon
Hi: 89° Lo: 65°
Feels Like: 85°
Logansport
Clear
84° wxIcon
Hi: 90° Lo: 65°
Feels Like: 85°
WLFI Radar
WLFI Temps
WLFI Planner

Indiana Coronavirus Cases

Data is updated nightly.

Confirmed Cases: 45952

Reported Deaths: 2650
CountyConfirmedDeaths
Marion11387679
Lake4872240
Elkhart308543
Allen2677114
St. Joseph184965
Cass16369
Hamilton1484100
Hendricks136699
Johnson1235118
Porter68537
Madison64363
Tippecanoe6408
Clark62244
Bartholomew57844
Howard54356
LaPorte53925
Kosciusko4952
LaGrange4596
Jackson4553
Noble44728
Vanderburgh4306
Hancock42935
Delaware42648
Boone42242
Shelby41625
Marshall4123
Floyd36344
Morgan32031
Montgomery28720
Grant28526
Clinton2792
Dubois2606
White25810
Monroe25628
Decatur24632
Henry23515
Lawrence23124
Vigo2248
Harrison20822
Dearborn20422
Warrick20129
Greene18431
Miami1802
Jennings16911
Putnam1658
DeKalb1594
Scott1547
Daviess13916
Orange13323
Wayne1286
Franklin1248
Steuben1232
Perry1209
Ripley1127
Carroll1092
Jasper1092
Wabash1072
Fayette967
Newton9510
Whitley814
Randolph764
Starke733
Huntington702
Wells681
Jay670
Fulton661
Jefferson651
Washington641
Pulaski631
Knox620
Clay594
Rush573
Benton480
Adams451
Owen451
Gibson442
Sullivan441
Brown381
Blackford372
Posey350
Spencer311
Tipton301
Crawford290
Fountain292
Switzerland250
Martin220
Parke220
Ohio140
Warren141
Union130
Vermillion130
Pike80
Unassigned0194

COVID-19 Important links and resources

As the spread of COVID-19, or as it's more commonly known as the coronavirus continues, this page will serve as your one-stop for the resources you need to stay informed and to keep you and your family safe. CLICK HERE

Closings related to the prevention of the COVID-19 can be found on our Closings page.

Community Events