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Tourists visit SeaWorld San Antonio in Texas, the United States, on June 19, 2020. (Xinhua/Lie Ma)
The largest increases in initial claims for the week ending June 13 were in the states of Oklahoma, Texas, New Jersey, New York, and Louisiana.
WASHINGTON, June 25 (Xinhua) -- The number of initial jobless claims in the United States totaled 1.48 million last week, despite continuous reopening efforts across the nation, the Labor Department reported Thursday.
In the week ending June 20, the number of Americans filing for unemployment benefits decreased by 60,000 from the prior week to 1,480,000, the 12th weekly decline in a row but still a historic high.
With the latest numbers, a staggering 47 million initial jobless claims have been filed over the past 14 weeks, as the COVID-19-induced recession sends ripples through the U.S. labor market, indicating a mounting economic fallout.
The new report also showed that the four-week moving average, a method to iron out data volatility, decreased by 160,750 to reach 1.6 million.
The largest increases in initial claims for the week ending June 13 were in the states of Oklahoma, Texas, New Jersey, New York, and Louisiana.
A staff member disinfects handles at a shopping mall in New York, the United States, June 22, 2020. (Xinhua/Wang Ying)
The advance seasonally adjusted insured unemployment rate was 12.3 percent for the week ending June 13, a decrease of 0.3 percentage points from the prior week, the report showed.
The total number of people claiming benefits in all programs for the week ending June 6 was 30.6 million, an increase of 1,294,309 from the previous week, according to the report.
The new jobless report came on the same day as U.S. Commerce Department reported that economic activity in the first quarter contracted at an annual rate of 5.0 percent in the third, or final, estimate, unrevised from the second estimate.
Several U.S. states have recently seen an uptick in COVID-19 cases, as businesses continue to resume operations across the nation, casting a shadow over the current path to reopening and raising uncertainty over the prospect of economic recovery.
The International Monetary Fund (IMF) on Wednesday revised down its forecast for the global economy amid mounting COVID-19 fallout, projecting a 4.9-percent contraction in 2020. The U.S. economy is expected to shrink by 8 percent this year, according to the report. ■
