Photo: Wang Ying/Xinhua via Getty Images

Another 1.4 million Americans filed for unemployment last week, the Department of Labor announced Thursday.

Why it matters: New applications for unemployment remain historically high, suggesting layoffs are still widely prevalent. However, they remain well below the all-time record seen when the coronavirus pandemic first hit.

The big picture: The unemployment snapshot was released alongside the government's June jobs report, which is the most accurate snapshot of the labor market, even though it’s not as timely as the weekly unemployment claims report.

  • June's jobs report is even less helpful than usual because its survey period ended early in the month — meaning that more recent developments, like the surge in coronavirus cases and resultant closures in some states, aren't captured in its data.
  • Worth noting: Jobless claims only reflect how many people are losing work. The report doesn't show whether — or how many — people are being hired.

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The Americans who most need a stimulus

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Data: Bureau of Labor Statistics; Chart: Axios Visuals

One group of Americans needs a fresh stimulus package more than any other: The 2.4 million Americans — and rising — who have been unemployed for more than six months.

Why it matters: While the economic recession looks like it ended in April, rising long-term unemployment acts as a drag on the broader economy. Without new stimulus, the number of jobless could end up being almost as bad as the Great Recession of 2008-9.

Zeta, now a Category 2 Hurricane, makes landfall on Louisiana coast

The probable path of Zeta, per the National Hurricane Center. Photo: NHC/NOAA

Zeta, classified as a "significant" Category 2 hurricane, made landfall along the southeastern coast of Louisiana on Wednesday evening, according to the National Hurricane Center.

The state of play: Louisiana Gov. John Bel Edwards (D) requested a pre-landfall Emergency Declaration in a letter to President Trump on Tuesday. The hurricane is producing 110-mph maximum sustained winds and stronger gusts. The core of Zeta — including its destructive eyewall — moved ashore near Cocodrie.

Supreme Court won't expedite Pennsylvania GOP's request to block mail-in ballot extension

Amy Coney Barrett being sworn in by Chief Justice John Roberts. Photo: Fred Schilling/Collection of the Supreme Court of the United States via Getty Images

The Supreme Court voted 5-3 on Wednesday to deny a bid from Pennsylvania Republicans to expedite their request to shorten the deadline for receiving mail-in ballots. Newly-confirmed Justice Amy Coney Barrett did not participate in the decision.

Why it matters: A lower court ruling allowing ballots to be counted until 5 p.m. on Nov. 6, as long as they are postmarked by Election Day, will remain in place for now.

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