August 6, 2020

US jobless claims dip in latest week to 1.19 mn: govt

Washington (AFP) – New applications for jobless benefits resumed their decline after two weeks of increases, hitting a new pandemic low in a surprise sign of improvement, but economists warn the battered US job market recovery remains painfully slow.Workers filing for first-time jobless benefits dropped last week to 1.19 million, well below what analysts had been expecting, and applications for pandemic assistance also fell sharply, the Labor Department reported Thursday.However, the four-week average for initial unemployment claims was barely changed at 1.33 million in the week ended August 1…


Leave a Reply

Your email address will not be published. Required fields are marked *