Connecticut Unemployment Claims Quickest to Recover in U.S.
24 Jun 2020
Economic Development
May’s jobs report should be encouraging to American workers, as it shows that the U.S. actually gained 2.5 million nonfarm payroll jobs. This demonstrates that the process of beginning to reopen states has gone smoothly, and businesses are rehiring employees that they temporarily laid off while their buildings remained closed. There are still 21 million Americans unemployed due to the COVID-19 pandemic, though, which hopefully will be reduced as states proceed to open more in the coming months. Last week, there were 1.5 million new unemployment claims nationwide, compared to 6.9 million during the peak of the pandemic (a 78% reduction).
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