People keep saying that this is good news, but this is horrible news:

About 1.3 million workers filed for unemployment insurance for the first time last week — the 17th straight week new claims exceeded 1 million as the coronavirus pandemic continues to drag down the economy.

Nearly 17.4 million workers were continually claiming unemployment insurance for the week ended July 4, the Labor Department said. Another 14.3 million people were claiming Pandemic Unemployment Assistance, the program newly created for self-employed or gig workers who are out of work at the moment, bringing the total number of people on all programs to 32 million unemployed.

“What we’re seeing is continued, historic elevated rates of job loss in the United States,” said Nick Bunker, an economist at Indeed Hiring Lab. “We’ve seen sustained elevated rates of job loss, and that’s continued as we hurdle toward the expiration of several programs that have propped up the economy.”

The weekly filings decreased only slightly from the previous week, when 1.31 million workers filed for unemployment for the first time. They have steadily decreased from their high of 6.9 million filings for the week ended March 28, but the rate has slowed significantly in the past month.

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In April, 5.5 percent of people who were unemployed reported permanent job losses. By June, that figure increased to 20 percent. In April, the top five jobs with the worst losses were those most directly affected by the virus and shutdowns: housekeepers and cleaners, waiters, retail workers, and cashiers, he found.

But by June, those jobs had shifted to other occupations, pointing to broader economic damage: carpenters, paralegals, managers, financial analysts and customer sales representatives.