US Jobless Claims Rise to 770,000 With Layoffs Still High

US Jobless Claims Rise to 770,000 With Layoffs Still High
A sign reading "Welcome Back Now Open" is posted on the window of a Morton's Steakhouse restaurant as a man works inside during the CCP virus pandemic in San Francisco on March 4, 2021. Jeff Chiu, File/AP Photo
|Updated:

WASHINGTON—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 recession.

The March 18 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.