Employers Add Fewer Jobs In October As Pandemic Cases Start To Surge Again

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A women holds a sign saying «We Need Our Jobs during a protest by workers in the cruise ship industry in Miami on Oct. 21, 2020. Employers added fewer jobs as pandemic cases start to surge again across the country.





Lynne Sladky/AP



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Lynne Sladky/AP



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U.S. Sets Coronavirus Record With Daily New Cases Pushing Past 100,000

As the recession drags on, more people are exhausting their regular unemployment benefits, which typically last for 26 weeks. As of mid-October, nearly 4 million people had hit that limit and begun collecting benefits under a new federal program that provides an extra 13 weeks of aid. That program is set to expire at the end of the year.

Powell cautioned that the longer people are out of work, the more difficult it may be to find new jobs.

«The record is, if you don’t get back in fairly quickly, it can be harder to get back in, Powell said. «That holds down the whole economy. And by the way, it also places enormous burdens on individuals.

• US economy


• coronavirus


• Jobs


• Unemployment