The number of Americans seeking unemployment benefits rose last week by the most in two months, to 898,000, a historically high number and evidence that layoffs remain a hindrance to the economy’s recovery from the pandemic recession.
Thursday’s report from the Labor Department coincides with other recent data that have signaled a slowdown in hiring. The economy is still roughly 10.7 million jobs short of recovering all the 22 million jobs that were lost when the pandemic struck in early spring.
New coronavirus cases in the U.S. neared 60,000, driven by a resurgence of infections in the Midwest and other areas of the country.
The U.S. reported more than 59,000 infections, bringing the nation’s total to more than 7.9 million confirmed cases, according to data compiled by Johns Hopkins University. The death toll surpassed 217,000.
The Democratic fundraising organization ActBlue reported on Thursday that it collected $1.5 billion on its online platform from July to September, the most it has ever raised in a quarter.
By comparison, WinRed, a major Republican fundraising platform, said on Monday that its platform collected $623.5 million in the third quarter.
The Democratic sum includes donations made to several groups and political candidates as well as the presidential campaign of former Vice President Joe Biden, who looks poised to head into the closing weeks of the race with a financial advantage.