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US jobless claims fall below 1 million but remain high - Black News Channel

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By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — The number of laid-off workers applying for unemployment aid fell below 1 million last week for the first time since the viral pandemic intensified five months ago, yet still remains at a high level. The latest figures show that the pandemic keeps forcing layoffs just as the expiration of a $600-a-week federal jobless benefit has deepened the hardships for many — and posed a renewed threat to the U.S. economy. The level of weekly applications declined to 963,000, the second straight drop, from 1.2 million the previous week, the government said […]

The post US jobless claims fall below 1 million but remain high appeared first on Black News Channel.

Source: Black News Channel - Black News Channel

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