New US jobless claims rise to 1.42 mn

BusinessNew US jobless claims rise to 1.42 mn

Date:

New US jobless claims rise to 1.42 mn

Washington: Claims for government benefits by newly unemployed American workers rose to 1.42 million last week, the Labor Department said, reversing weeks of declines as coronavirus cases skyrocket nationwide.

The increase defied analysts’ expectations of another weekly decrease in new claims, which spiked in March as US businesses shut down to stop the spread of coronavirus put have been dropping since.

Adding to the toll were the 974,999 people in 49 states who applied for benefits under a program for workers who would not normally be eligible – an increase of nearly 20,000 from the week prior.

Share post:

Subscribe

Popular

More like this
Related

PV Sindhu Loses Thrilling Three-Game Battle to Chen Yufei at China Open

PV Sindhu's impressive run at the China Open came...

Sonam Wangchuk’s Health Turns Critical as Hunger Strike Continues, Support Grows

Climate activist Sonam Wangchuk's health has become critical as...

Tribal Protest Grows in MP Over Ken-Betwa River Project, Villagers Demand Fair Rehabilitation

Tribal communities in Madhya Pradesh's Chhatarpur district are holding...

How to Choose Your First Mutual Fund: A Beginner’s Guide

Choosing your first mutual fund can feel overwhelming. There...