There still are a mix of signs from the labor market concerning the economic situation in the face of rising coronavirus cases. At the national level, the number of new weekly claims for unemployment insurance rose and stands at 1.4 million for the week ending July 18. But the number of people receiving benefits fell. On an unadjusted basis, new claims were also 1.4 million. At the moment, the $600 supplement to UI is set to expire and it is unclear what Congress and the Senate will do - if anything - to prevent the lapse. California remains with a disproportionate share of those receiving unemployment insurance (16.7% in the prior week).
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The latest data are at
https://www.dol.gov/ui/data.pdf.
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