More than a million more Americans lost their jobs last week, and we’re celebrating these numbers as good news? Because initial claims fell? The US is still losing jobs at an alarming pace, NJ still losing jobs at an alarming rate. Even worse, these new applicants aren’t going to be eligible for any additional stimulus payments.
New claims for unemployment benefits last week reached their lowest levels since the coronavirus and efforts to fight its spread began putting New Jerseyans out of work en masse in March.
Another 16,573 New Jersey workers filed for unemployment benefits last week, according to the state Department of Labor and Workforce Development. That’s down from more than 28,000 the week prior and well below March and April, when more than 200,000 workers were filing new claims weekly.
Nearly 1.5 million workers in the Garden State have filed unemployment claims since March 15. Of those, 1.3 million have been deemed eligible for benefits and 96% of eligible workers have received some payment, the Labor Department said in its weekly claims report.
New Jersey’s unemployment rate, 16.2 percent, is at the highest level since record keeping began in 1976.