Another 1.3 million people applied for unemployment insurance (UI) last week. That includes 840,000 people who applied for regular state UI and 464,000 who applied for Pandemic Unemployment Assistance. 1/ https://www.dol.gov/ui/data.pdf ">https://www.dol.gov/ui/data.p...

The 1.3 million who applied for UI last week was a decline of 53,000 from the prior week’s revised figures. 2/

Last week was the 29th straight week total initial claims were far greater than the worst week of the Great Recession (GR). If you restrict to regular state claims (b/c we didn’t have PUA in the GR), initial claims are still greater than the 3rd-worst week of the GR. 3/