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Data: Department of Labor; Chart: Axios Visuals

A staggering number of Americans continue to fall into a troubling labor market category: out of work for so long that regular unemployment programs have expired. And, that number is rising.

What it means: People are falling off the state unemployment rolls and likely getting work. But that’s being offset by people who are falling off because they are simply no longer eligible to collect state unemployment.

  • They’re transitioning to the Pandemic Emergency Unemployment Compensation (PEUC) program, which provides 13 extra weeks of support.

What they’re saying: “The decline in continuing claims exaggerates the improvement in total employment," Conrad DeQuadros, an economist at Brean Economics, wrote in a note.

By the numbers: Roughly 160,000 more people moved onto PEUC in the week ending Oct. 24, bringing the total number of claimants to 4.1 million, according to the Department of Labor.

  • PEUC expires on Dec. 26, which will rip financial support out from right underneath millions of people (unless it’s extended by Congress, which appears unlikely).
  • The same is true for Pandemic Unemployment Assistance, the program for gig and freelance workers, where 9.4 million people are said to be collecting benefits.

What to watch: Over half a million people are tapping Extended Benefits, an option for eligible unemployed workers in most states that have exhausted regular state and PEUC benefits — 21,000 fewer people than last week.

Go deeper

Updated Jan 8, 2021 - Economy & Business

U.S. sheds 140,000 jobs in December, halting labor market recovery

Data: BLS; Chart: Axios Visuals

The U.S. economy shed 140,000 jobs in December, while the unemployment rate held at 6.7%, the government said on Friday.

Why it matters: The job market recovery that had been underway for the past seven months ended last month, buckling from the pressure of the coronavirus pandemic.

Major companies vow to train, hire Afghan refugees arriving in U.S.

Chobani founder and CEO Hamdi Ulukaya. Photo: Jeff Spicer/Getty Images for Global Citizen

More than 30 major companies have promised to hire and train Afghan refugees coming to the U.S., per a press release from the Tent Partnership for Refugees, the group spearheading the effort.

The big picture: The 33 companies, including Amazon, Facebook, Pfizer and UPS, are joining the Tent Coalition for Afghan Refugees, a coalition founded by Hamdi Ulukaya, the founder and CEO of yogurt and food company Chobani.

Hispanic Heritage Month: Gracias, México, for color TVs

The patent diagram (left) from Guillermo González Camarena's chromoscopic adapter, and he and the engineer (right inspecting TV equipment around 1955 in Mexico City. Photos: U.S. Patent Office and Instituto Nacional de Antropología e Historia de México

Credit Mexican engineering and entrepreneurship for developments that led to the in color television, oral contraception and finding a way to help mend the ozone layer.

Why it matters: The contributions helped modernize how we could see the world; improve women's health and expand women's roles beyond the home; and identify dangerous emissions and how to reduce them.