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National Unemployment Claims Still Rising

While numbers are still high, they are going down—a positive sign for the economy.

Posted: Jan 21, 2021 10:04 PM

More than 900,000 Americans applied for first-time unemployment last week, according to the U.S. Labor Department.

The new figures show the unemployment numbers remain high, nearly four times higher than the pre-pandemic level.

But below the peak of nearly 7 million that was reached, when the first stay-at-home orders were issued back in March.

The number of people who continue to receive unemployment benefits fell by about 127,000.

In total - almost 70-million Americans have filed for unemployment during the pandemic. That’s roughly 40 percent of the country's workforce.

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