Layoffs stuck at high level as 1.3 million seek jobless aid

Some small business owners say federal loan program offers too little too late
Posted at 9:38 AM, Jul 09, 2020
and last updated 2020-07-09 09:38:14-04

WASHINGTON (AP) — More than 1.3 million Americans applied for unemployment benefits last week, a historically high pace that shows that many employers are still laying people off in the face of a resurgent coronavirus.

The persistently elevated level of layoffs are occurring as a spike in virus cases has forced six states to reverse their move to reopen businesses.

Those six — Arizona, California, Colorado, Florida, Michigan and Texas — make up one-third of the U.S. economy.

Fifteen other states have suspended their re-openings.

Collectively, the pullback has stalled a tentative recovery in the job market and is likely triggering additional layoffs