U.S. jobless claims drop; still at 847,000 as pandemic rages
FEWER AMERICANS applied for unemployment benefits last week, lowering claims to 847,000. / AP FILE PHOTO/TONY DEJAK WASHINGTON (AP) – The number of Americans applying for unemployment benefits fell but remained at a historically high 847,000 last week, a sign that layoffs keep coming as the coronavirus pandemic continues to rage. Last week’s claims fell by 67,000, from 914,000 the week before, the Labor Department said Thursday. Before the virus hit the…
Register to keep reading or subscribe today and receive unlimited access.
U.S. jobless claims rise to 885,000 amid resurgence of virus
THE NUMBER OF people applying for unemployment aid in the U.S. jumped last week to 853,000, the most since September, evidence that some companies are cutting more jobs as new virus cases spiral higher. / AP FILE PHOTO/LYNNE SLADKY WASHINGTON (AP) – The number of Americans applying for unemployment benefits rose again last week to 885,000 as a resurgence of coronavirus cases threatens the economy s recovery from its springtime collapse. The Labor Department said Thursday that the number of applications increased from 862,000 the previous week. It showed that nine months after the viral…