U.S. Unemployment Claims Jumped to Nearly One Million Last Week — 2nd Update
Provided by Dow Jones By Gwynn Guilford and Hannah Lang The number of workers filing for jobless benefits hit its highest level in nearly five months, reflecting rising layoffs amid a winter surge in coronavirus cases. Applications for unemployment claims, a proxy for layoffs, rose by 181,000 to 965,000 last week, the Labor Department said Thursday. That marked the biggest weekly increase since March 2020 and put initial jobless claims at their highest level since mid-August. It also put weekly claims well above the roughly 800,000 a week they have averaged in r...
Source: morningstar.com
