Another 1.006 million Americans filed new unemployment claims last week

Another 1 million Americans filed for first-time unemployment insurance benefits last week, as the impacts of the coronavirus pandemic continue to reverberate across the economy. 

The report showed back-to-back weeks that jobless claims topped the 1 million mark, following a brief break below that level earlier in August. While an improvement from the pandemic-era high of nearly 6.9 million weekly new jobless claims at the end of March, the weekly new jobless claims sum of 1 million remained far above the 665,000 new claims filed at the pre-pandemic high in March 2009.

Since the week ended March 20 this year, more than 58 million Americans have so far filed new unemployment insurance claims.

Yahoo Finance