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Sunday, October 17, 2021

COVID malaise: California unemployment claims jump, stay greatly elevated

California’s shaken job market has yet to fully recover from the ailments caused by the coronavirus, as outlined in a federal report released Thursday that shows jobless claims remain abnormally high.

Workers in California filed 67,200 initial jobless claims in the week ending October 9, up 3,200 from the 64,000 they filed in the week ending October 2, the US Labor Department said Thursday.

Worse, California’s unemployment claims last week remained much higher than normal for the state’s economy, which was healthy before it was hampered by business shutdowns that government officials imposed to tackle the coronavirus.

In January 2020 and February 2020, in the last two months before state and local governments ordered to block the spread of the fatal disease, California had an average of 44,800 jobless claims per week.

The 67,200 jobless claims filed in California last week is 50% higher than the early 2020 average.

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Nationwide, workers filed 293,000 jobless claims for the first time last week, according to the Labor Department, down 36,000 from the 329,000 claims filed in the United States the previous week.

California’s latest unemployment claims report raises questions about why the statewide job market has taken so long to recover from the coronavirus-related ailments.

Experts predicted that the California labor market would recover after the state’s economy resumed.

Analysts also predicted that the employment sector would grow after the end of $ 300 federal weekly benefits.

None of these projected surges in employment have materialized to any persistent or abrupt degree.

California’s labor market is still on the brink of job growth needed to close the giant layoffs that occurred in March and April 2020 in the first two months of plant closures.

World Nation News Deskhttps://www.worldnationnews.com
World Nation News is a digital news portal website. Which provides important and latest breaking news updates to our audience in an effective and efficient ways, like world’s top stories, entertainment, sports, technology and much more news.
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