States reported that 1.3 million U.S. workers filed for new unemployment benefits during the week ending July 4. First-time claims have fallen for 14 straight weeks since hitting a record 6.8 million in late March. The total number of workers continuing to claim unemployment benefits dropped to 18 million last
week after peaking at nearly 25 million in early May. Another 14 million people continue to claim unemployment under the newly created Pandemic Unemployment Assistance program providing jobless benefits to workers previously not eligible for unemployment.