December 3, 2020

Drop in US jobless claims small bright spot in troubled labor market

Washington (AFP) – A drop in new applications for US unemployment benefits reported Thursday offered small comfort to the millions of Americans who will see pandemic aid expire without an agreement in Congress on a new relief program. With just weeks left before President-elect Joe Biden takes office, Republicans and Democrats remain at odds over what should be included in a new spending package to help businesses and families struggling from the damage inflicted by Covid-19. New US jobless claims fell to 712,000 last week, a better-than-expected decline of 75,000, seasonally-adjusted, the Lab…


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