The Business Times
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Covid-19 pushes US jobless claims last week to record 3.3 million

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Published Thu, Mar 26, 2020 · 09:50 PM

    Washington

    THE economic shutdown caused by the novel coronavirus pandemic sparked an explosion of Americans filing for unemployment benefits, surging to 3.3 million last week - the highest number ever recorded, the Labor Department reported on Thursday.

    This comes even as real GDP in the US increased at an annual rate of 2.1 per cent in the fourth quarter of 2019.

    Covid-19

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