More than 1.4 million Americans filed for unemployment last week, according to the U.S. Department of Labor, an increase of 109,000 people over the week ending July 11 and the first time in three months that claims rose instead of fell. Approximately 30 million people—or 1 in 5—are collecting benefits. The unemployment rate is currently 11.2 percent; by comparison, it was 3.6 percent in January of this year. The rise in claims comes just as the government's extra $600-per-week jobless benefits are set to expire and COVID-19 cases swell in the U.S.
The largest increases in initial claims for the week ending July 11 were in Florida (65,890), Georgia (33,292), California (20,123), Washington (16,116) and Indiana (6,258), while the largest decreases were in Maryland (13,728), Texas (11,583), New Jersey (8,577), Michigan (6,882) and Louisiana (5,066).