Us Layoffs Remain Elevated as Job Market’s Gains Weaken
WASHINGTON (AP) — The number of Americans applying for unemployment benefits was unchanged last week at 884,000, a sign that layoffs remain stuck at a historically high level six months after the viral pandemic flattened the economy.
The latest figures coincide with other recent evidence that the job market’s improvement may be weakening after solid gains through the spring and most of the summer.
The number of people applying for jobless aid each week still far exceeds the number who did so in any week on the record before this year.
Hiring has slowed since June, and a rising number of laid-off workers say they regard their job loss as permanent