The number of Americans seeking unemployment benefits rose last week to 770,000, a sign that layoffs remain high even as much of the U.S. economy is steadily recovering from the coronavirus recession. Thursday’s report from the Labor Department showed that jobless claims climbed from 725,000 the week before. The numbers have dropped sharply since the depths of the recession last spring but still show that employers in some industries continue to lay off workers. Before the pandemic struck, applications for unemployment aid had never topped 700,000 in any one week. Initial unemployment claims Seasonally adjusted figures Jan. 1, 2010 Jan. 1, 2015 Jan. 1, 2020 01,000,0002,000,0003,000,0004,000,0005,000,0006,000,0007,000,000 claims_sa Week ending Oct. 31: 751 thousand High: 6.9 million 3/28 Recession Recession High: March 28 6.9 million Financial assistance claims shown are to regular state programs. Source: U.S. Department of Labor The four-week average of claims, which smooths out […]