New Jobless Claims Dip Below 1 Million For 1st Time Since March

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A sign advertises hiring of temporary workers at a Pier 1 store that’s going out of business in Coral Gables, Fla. Last week, initial unemployment claims broke a 20-week streak of being above 1 million.

Lynne Sladky/AP

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Lynne Sladky/AP

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President Trump on Saturday ordered a temporary payment of $300 per week using redirected FEMA money. But it could take some time before unemployed people are able to collect that cash.

Initial claims for state benefits last week totaled 963,000 — a drop of 228,000 from the previous week — breaking a 20-week streak of claims above 1 million. Jobless claims under the federal pandemic program dropped to 488,622 — down 167,377 from the prior week.

As of July 25, a total of 28.3 million people were receiving some form of unemployment relief. That’s a drop of more than 3 million from the week before.

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