Pandemic Continues to Take Toll on Jobs

860,000

“The number of Americans applying for unemployment benefits fell last week to 860,000, a historically high figure that reflects economic damage from the coronavirus outbreak,” the AP reports. “Before the pandemic hit the economy, the number signing up for jobless aid had never exceeded 700,000 in a week, even during the depths of the 2007-2009 Great Recession.”

Trump’s Unemployment Exec Order Only Good for Three Weeks

3

“Out-of-work Americans may see only a three-week boost to their unemployment benefits, as state and federal officials scramble to stretch out a limited pot of money and implement President Trump’s recent policy order,” the Washington Post reports. “The Trump administration offered the new details about its directive Monday, pledging additional aid would reach workers in a matter of weeks — even as its guidance quickly rekindled criticism that the White House’s actions alone are insufficient to help people weather the economic crisis wrought by the pandemic.”