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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.

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Indiana Coronavirus Cases

Data is updated nightly.

Cases: 611039

Reported Deaths: 9716
CountyCasesDeaths
Marion844351336
Lake45508685
Allen32891552
Hamilton29546315
St. Joseph27449381
Elkhart24440345
Vanderburgh19513250
Tippecanoe18043140
Johnson15140295
Porter14865169
Hendricks14440248
Madison11009222
Vigo10769181
Clark10731144
Monroe9424113
Delaware9152134
LaPorte9103164
Howard8268144
Kosciusko808983
Warrick676599
Hancock6741104
Bartholomew6523100
Floyd6469110
Wayne6157162
Grant6011116
Dubois556980
Boone554668
Morgan545795
Henry509764
Marshall505384
Cass485264
Dearborn483245
Noble474059
Jackson426747
Shelby419581
Lawrence392980
Clinton374243
Gibson372559
Harrison350945
DeKalb348264
Montgomery346554
Knox335839
Miami323044
Steuben314545
Whitley309726
Wabash304551
Adams302136
Ripley300046
Putnam297850
Huntington293159
Jasper290534
White274143
Daviess271274
Jefferson264738
Decatur248983
Fayette247848
Greene241162
Posey240328
Wells236451
LaGrange229662
Scott225739
Clay223532
Randolph214948
Jennings199336
Sullivan192933
Spencer192422
Washington187523
Fountain184627
Starke175643
Jay168223
Owen166837
Fulton164230
Orange160835
Carroll159115
Rush155818
Perry155229
Vermillion149334
Franklin149033
Tipton133033
Parke13088
Pike118226
Blackford111422
Pulaski97337
Newton91721
Brown88235
Benton86910
Crawford8069
Martin74413
Warren6857
Switzerland6665
Union6287
Ohio4957
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