1.5m more Americans file for unemployment benefit
Despite the slight decline from the previous week, the rate of movement back into work is slower than hoped
Washington
ANOTHER 1.5 million US workers filed for unemployment benefits last week, the Labor Department said on Thursday. This raises the 13-week total to 45.7 million, meaning more than one in four American workers have lost a job during the Covid-19 pandemic.
The level of new jobless claims was surprisingly high - a decrease of only 58,000 from the previous week's level.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Abu Dhabi’s IHC to buy back up to US$1.4 billion of its shares
Dubai’s financial centre expects ‘busiest year’ as firms rush in
Israel strikes Gaza city of Rafah after evacuation order
Britain's King Charles III marks first anniversary of coronation
German deficit forecast at 1.75% in 2024, says stability council
SNP veteran John Swinney set to be Scotland’s next leader