Another 1.3 million individuals filed for unemployment last week, a decrease of approximately 10,000, according to the latest figures released Thursday by the U.S. Department of Labor.

The number of total claims has been steadily decreasing for 15 weeks, from mid-Pandemic highs — when new unemployment claims topped 6 million — but are still far ahead of pre-pandemic numbers.

The seasonally-adjusted unemployment rate dropped to 11.9 percent for the week ending July 4, according to the report.

“The COVID-19 virus continues to impact the number of initial claims and insured unemployment,” the report reads.

The news of more than 1 million new jobless claims comes as the enhanced unemployment benefits passed as part of the CARES Act are set to expire. Congress is expected to debate further relief in the coming weeks, but the Republican-led Senate has yet to signal that it’s interested in extending the additional $600 in federal unemployment.

Even as more Americans are out of work, retail and food services sales continue to increase and are above 2019 levels, according to the U.S. Census Bureau. Estimates for U.S. retail and food services sales for June 2020 stood at $524.3 billion in June, a month-over-month increase of 7.5 percent and year-over-year increase of 1.1 percent.


Show Comments Hide Comments
Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Thank you for subscribing to Morning Headlines.
Back to top
Only 3 days left to register for Inman Connect Las Vegas before prices go up! Don't miss the premier event for real estate pros.Register Now ×
Limited Time Offer: Get 1 year of Inman Select for $199SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription