Jobless claims set to top 1 million again, but what’s worse is the agonizingly slow decline in people getting unemployment benefits
June 17, 2020 at 17:00 PM EDT
New applications for unemployment benefits filed during the coronavirus pandemic are likely to top 48 million in mid-June, but such shocking numbers don’t tell us as much anymore about the health of U.S. labor market. Here’s how to tell how quickly the jobs market is recovering.