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Photo: Jay L. Clendenin / Los Angeles Times via Getty Images

More than 32 million Americans are receiving some form of unemployment benefits, according to data released by the Labor Department on Thursday.

Why it matters: Tens of millions of jobless Americans will soon have a smaller cash cushion — as coronavirus cases surge and certain parts of the country re-enter pandemic lockdowns — barring an extension of the more generous unemployment benefits that are set to expire at the end of the month.

  • Over 17 million continue to claim traditional unemployment benefits.
  • Another roughly 15 million are on the rolls of other unemployment programs, including the Pandemic Unemployment Assistance (PUA), which was established under the CARES Act to help gig workers and the self-employed.

What it means: Continued unemployment claims reflect the number of people continuing to receive unemployment benefits after initially applying.

  • Consistent drops in this figure are an indication that a strong enough wave of Americans are falling off the rolls of unemployment — and possibly returning back to work.

By the numbers: The number of jobless Americans continuing to receive traditional unemployment has steadily dropped from its peak at 25 million in early May, but remains devastatingly high.

  • The pre-pandemic record for the number of Americans on the ranks of unemployment was 6.5 million, set in June 2009.
  • The Labor Department also said there were another 1.3 million newly filed unemployment applications last week, resulting in the smallest week-over-week decline since March, per Bloomberg. Continued claims lag this data by an additional week.

What's next: Next week is the last that unemployed workers are eligible to apply for the additional $600 per week in unemployment benefits authorized under the federal stimulus bill. It's unclear whether Congress will extend the extra payments.

  • The expanded benefits are a big reason, along with the one-time stimulus checks, why incomes have been buoyed amid the worst bout of unemployment in U.S. history. Even so, millions report concerns about their ability to continue paying bills, including rent.

Worth noting: For months, the weekly unemployment report has shown the same story.

  • Millions continue to seek unemployment as the labor market is pummeled by the coronavirus pandemic, while the monthly government jobs report simultaneously shows millions of jobs added.

Be smart: The weekly unemployment claims report is timelier than the monthly jobs report, but also imperfect for a granular read on the labor market. There are a few factors are at play:

  • It doesn’t give a clear picture of who’s being hired, only those that have lost work and need to rely on unemployment.
  • There are unknowns. Are new applications rising or falling because there was a real shift that week in the labor market? Or because overwhelmed state labor departments are working through — or still behind on — backlogs of applications?
  • The data has been incomplete. Until recently, some states like Florida didn't begin disclosing the number of people applying to and receiving benefits from PUA effectively warping the total figures.
  • Double counting. In states like Georgia, people who wanted to apply for PUA first had to file for regular unemployment, be rejected and then apply for PUA.

The bottom line: The coronavirus pandemic has pushed more Americans than ever before to the unemployment lines — and their weekly payments may soon become smaller.

Go deeper

Oct 22, 2020 - Technology

Exclusive: Survey reveals pandemic's toll on gig workers

Illustration: Sarah Grillo/Axios

More than two-thirds of gig workers have seen their incomes drop during the coronavirus pandemic, with almost a third cutting back on food as they struggle to cover expenses, according to new data from an industry survey shared exclusively with Axios.

The big picture: The pandemic has put ride-share drivers, personal shoppers and others at heightened risk of contracting the coronavirus without netting them benefits or additional pay.

Federal judge blocks Biden's vaccine mandate for federal workers

President Biden speaking from Eisenhower Executive Office Building on Jan. 21. Photo: Yuri Gripas/Abaca/Bloomberg via Getty Images

A federal judge in Texas blocked the Biden administration from enforcing its coronavirus vaccine mandate for federal workers on Friday, citing the outcome of last week's Supreme Court ruling that nullified the administration's vaccine-or-test requirement for large employers.

Why it matters: It's a blow to President Biden's efforts to increase the U.S.' vaccination rates, though much of the federal workforce has already been vaccinated against the virus.

Updated 6 hours ago - Politics & Policy

Omicron dashboard

Illustration: Brendan Lynch/Axios

  1. Health: Pfizer and Moderna boosters overwhelmingly prevent Omicron hospitalizations, CDC finds — Omicron pushes COVID deaths toward 2,000 per day — The pandemic-proof health care giant.
  2. Vaccines: The case for Operation Warp Speed 2.0 — Starbucks drops worker vaccine or test requirement after SCOTUS ruling — Kids' COVID vaccination rates are particularly low in rural America.
  3. Politics: Biden concedes U.S. should have done more testing — Arizona says it "will not be intimidated" by Biden on anti-mask school policies.
  4. World: American Airlines flight to London forced to turn around over mask dispute — WHO: COVID health emergency could end this year — Greece imposes vaccine mandate for people 60 and older — Austria approves COVID vaccine mandate for adults.
  5. Variant tracker