WASHINGTON (AP) — The number of Americans seeking unemployment benefits fell last week to 787,000, a sign that job losses may have eased slightly but are still running at historically high levels. Thursday’s report from the Labor Department said the number of people who are continuing to receive unemployment benefits tumbled by 1 million to 8.4 million. Email: emily.peck@huffpost.comThe still-elevated number of jobless claims underscores that a full recovery from the pandemic recession remains far off. Job growth has slowed for three straight months, leaving the economy still 10.7 million jobs short of its pre-pandemic level. The still-high number of people seeking jobless benefits reflects an economy that has recovered only slightly more than half the 22 million jobs that were lost to the pandemic.

Source: Huffington Post October 22, 2020 12:50 UTC