The number of Americans seeking unemployment aid rose last week to 742,000, the first increase in five weeks and a sign that the resurgent viral outbreak is likely slowing the economy and forcing more companies to cut jobs.
Here in Tennessee, though, only 6182 people applied for first-time unemployment benefits for the week ending Saturday, November 14th. While that number is exceptionally high when compared to pre-pandemic levels, when it hovered at around 2500 applications a week, it represents the lowest figure since March, before COVID-19 began to truly ravage the state’s economy.
The worsening pandemic and the arrival of cold weather could accelerate layoffs in the weeks ahead, according to the Associated Press, which also notes that, “of the roughly 20 million Americans now receiving some form of unemployment benefits, about half will lose those benefits when two federal programs expire at the end of the year.”
The Labor Department’s report Thursday showed that applications for jobless aid rose from 711,000 in the previous week. In March, when the pandemic first intensified, the number had soared to 6.9 million. Before then, applications typically hovered about 225,000 a week.
The number of people who are continuing to receive traditional unemployment benefits fell to 6.4 million, the government said Thursday, from 6.8 million.
Locally, here in Anderson County, 66 new claims were filed and 492 continuing claims were paid. In Campbell County, there were 41 applications and 224 continuing claims, while Morgan County saw just nine people apply for benefits last week, and another 82 received continuing payments. 74 people in Roane County applied for assistance last week, with another 356 continuing claims.
For more on the latest jobs numbers in Tennessee, including a complete county-by-county breakdown, follow this link.
|WEEK||WEEK ENDING DATE||NEW CLAIMS||CONTINUED CLAIMS|
|New Claims Since March 15||919,763|