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Many more likely sought US jobless aid as layoffs persist

September 24, 2020

Via: ABC News

The U.S. government will provide its latest snapshot Thursday of the pace of layoffs, which have remained elevated but have been declining as some sectors of the economy have rebounded in the six months since the viral pandemic erupted.

The number of people seeking unemployment benefits each week is still high, and the economy has recovered only about half the 22 million jobs that were lost to the pandemic. Many employers, especially small retailers, hotels, restaurants, airlines and entertainment venues, are struggling. And millions of Americans are facing unemployment with vastly diminished aid since the expiration of a $600-a-week federal benefit this summer.

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