Data: U.S. Department of Labor; Chart: Andrew Witherspoon/Axios

Americans lost their jobs at a frenetic pace beginning in March, as unemployment figures rocketed to never-before-seen totals, but they are not coming back nearly as quickly, data from the U.S. Department of Labor shows.

Why it matters: While the number of claims has fallen, nearly 35 million Americans were receiving or had applied for some kind of unemployment insurance as of June 13.

  • Those numbers are especially shocking given that businesses have been reopened in certain parts of the U.S. for close to a month after government-imposed lockdowns.
  • “Labor market problems have shifted away from mass closings and layoffs in immediate response to shutdown orders, and toward still-catastrophic numbers of new layoffs related to the long-term, reverberating effects of a recession,” Andrew Stettner, senior fellow at The Century Foundation, told Reuters.

Driving the news: The Labor Department found another 1.51 million Americans filed new applications for traditional jobless benefits last week, down slightly from 1.57 million applications the week before.

Watch this space: The number of people applying for benefits via the government's Pandemic Unemployment Assistance program increased by nearly 60,000 last week.

  • The Pandemic Emergency Unemployment Compensation program saw claims rise by close to half a million for the week ended May 30.

Go deeper

Felix Salmon, author of Capital
Sep 24, 2020 - Economy & Business

The American economic paradox

Illustration: Aïda Amer/Axios

It's the rebound economists didn't see coming.

Why it matters: America did nothing that should have been necessary to really get the economy moving again. We didn't get the coronavirus under control, and we gave up on fiscal stimulus after a single short-lived round of it. Nevertheless, we're about to close out by far the strongest quarter of economic growth in American history.

Updated 1 hour ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 10 p.m. ET: 32,471,119 — Total deaths: 987,593 — Total recoveries: 22,374,557Map.
  2. U.S.: Total confirmed cases as of 10 p.m. ET: 7,032,524 — Total deaths: 203,657 — Total recoveries: 2,727,335 — Total tests: 99,483,712Map.
  3. States: "We’re not closing anything going forward": Florida fully lifts COVID restaurant restrictions — Virginia Gov. Ralph Northam tests positive for coronavirus.
  4. Health: Young people accounted for 20% of cases this summer.
  5. Business: Coronavirus has made airports happier places The expiration of Pandemic Unemployment Assistance looms.
  6. Education: Where bringing students back to school is most risky.
Mike Allen, author of AM
4 hours ago - Politics & Policy

Biden pushes unity message in new TV wave

A fresh Joe Biden ad, "New Start," signals an effort by his campaign to make unity a central theme, underscoring a new passage in his stump speech that says he won't be a president just for Democrats but for all Americans.

What he's saying: The ad — which began Friday night, and is a follow-up to "Fresh Start" — draws from a Biden speech earlier in the week in Manitowoc, Wisconsin: