November 25, 2020

New US jobless claims at 778,000, second week of increase

Washington (AFP) – New applications for jobless aid in the United States saw their second back-to-back weekly increase, according to government data released Wednesday, raising concerns that a renewed economic downturn is beginning.The Labor Department said 778,000 seasonally adjusted initial claims were filed in the week ended November 21, more than analysts had forecast and an increase of 30,000 from the previous week’s upwardly revised figure.The increase was the first consecutive one since July and brought claims to their highest level in more than a month, as the world’s largest economy g…


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