Newly jobless Americans filed nearly 1.42 million claims for jobless benefits last week, reversing recent months of decline as the world’s largest economy grapples with a surge ian coronavirus cases.
The US economy collapsed in the midst of the coronavirus pandemic, suffering the largest decline on record, while hopes for a recovery took another hit as job losses increased, according to government data released on Thursday.
The number of Americans seeking unemployment benefits dropped below one million last week for the first time since the start of the COVID-19 pandemic in the United States,
The number of Americans filing for unemployment benefits surged by the most since 2012 to a 2-1/2-year high last week, as companies in the services sectors laid off workers because of the coronavirus pandemic.
Japan’s low unemployment rate on paper suggests an economy weathering the coronavirus reasonably well, but official figures belie worsening prospects for the country’s army of temporary workers, who make up about 40% of the jobs market.
Another Thursday with a shocking number of workers losing their jobs, another gain for the stock market. US stocks pushed higher in morning trading, even after the government said 4.4 million people filed for unemployment benefits
Roughly 22 million have sought jobless benefits in the past month - easily the worst stretch of US job losses on record.
Italy’s jobless rate was stable at 10.2% in April, national statistics bureau ISTAT reported on Tuesday, with employment levels little changed from the month before.
The number of Americans filing new claiams for jobless benefits fell last week to the lowest level in nearly 18 months, offering more evidence that job growth was being hindered by labour shortages