covid-19 Coronavirus US Coronavirus

U.S. unemployment claims climb back over 1 million

Reading now: 798
globalnews.ca

coronavirus recession struck swiftly and violently. Now, with the U.S. economy still in the grip of the outbreak five months later, the recovery looks fitful and uneven — and painfully slow.The latest evidence came Thursday, when the government reported that the number of workers applying for unemployment climbed back over 1 million last week after two weeks of declines.The figures suggest that employers are still slashing jobs even as some businesses reopen and some sectors like housing and manufacturing have rebounded.“Getting the virus in check dictates when there’ll be relief from this economic nightmare, and it doesn’t look like it will be soon,” said AnnElizabeth Konkel, an economist at Indeed, a job listings website.

Read more on globalnews.ca
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA