Americans again file by the millions for unemployment benefits

Jobless claims: Another 2.4 million Americans expected to have filed for unemployment benefits

US weekly jobless claims expected to climb by 2.4 million despite easing of lockdown measures

The number of unemployed NY residents increased by 931,600, while the labor force (the total number of people working or looking for work) dropped by 307,600 - both monthly records.

The U.S. Labor Department says roughly 38.6 million people have filed for jobless aid in the United States since the coronavirus forced millions of businesses to close their doors and shrink their workforces.

That's down 249,000 from the revised number of claims filed in the week ending May 9.

Counting the 1.1 million claims filed through the federal government's temporary Pandemic Unemployment Assistance program, new jobless claims totaled a much higher 3.3 million last week.

While the region's economic activity over the past week has increased with southwestern Pennsylvania moving from red to yellow in the governor's three-phased plan to return to normal, Briem said he was not sure how many workers are going from collecting unemployment benefits to getting paychecks.

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Eligible Oklahomans will receive 13 more weeks of unemployment benefits for the period beginning the week of March 29 through the week of December 26.

Even as an increasing number of states have begun reopening their economies across the country, the COVID-19 pandemic is largely expected to have continued to wreak havoc on employment in the USA last week.

Economists polled by Reuters had forecast claims would total 2.4 million in the latest week.

More than one-half of the region's jobless workers - 102,000 - are in Allegheny County.

Although the number is staggering, weekly claims have been gradually declining since hitting a record 6.9 million in the last week of March.

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Layoffs fueled by the coronavirus pandemic continue to mount.

Briem predicted the jobless rate will be around 16%, depending on how numerous unemployed workers are captured in the data. Continuing claims on that basis totaled 22.9 million for the week ended May 9, following 20.9 million.

Economists estimate an additional 2.4 million filings in the week ending May 16, following 2.98 million claims during the previous week.

The CDLE will release its monthly employment report detailing the April unemployment rate and other details Friday morning.

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