Economy

Utah unemployment claims keep inching down, now reaching Great Recession levels

Utah unemployment claims keep inching down, now reaching Great Recession levels”

Another 2.1 million people filed for unemployment last week, the Department of Labor said on Thursday.

Thursday's seasonally adjusted figures from the US Department of Labor showed the pace of initial jobless claims continuing their steady decline since late March.

The headline figure released by the Labor Department doesn't include those who last week filed for "Pandemic Unemployment Assistance", which extends unemployment benefits to the self-employed and gig workers under the federal stimulus bill.

Roughly a quarter of the total US workforce has been put out of work since the COVID-19 pandemic caused government officials to shut down most or all businesses deemed non-essential, with another 2.1 million Americans filing jobless claims over the past week, Politico reported.

More news: David Luiz set for Arsenal exit

The number of Americans continuing to receive government jobless benefits declined in the week ending May 16 for the first time since COVID-19 struck, even as millions of people continue to join the unemployment rolls. This indicates the number of unemployed workers eligible for and receiving benefits after their initial claim.

Among Tennessee's three largest cities, Nashville had the highest unemployment rate in April of 15.9%, Memphis hit 14.3%, and Knoxville recorded 14.7%.

Utah officials estimate that up to 70% of residents who've seen employment disruptions since March remain job attached, meaning they are essentially furloughed with the prospect of returning to work.



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