The US Labor Department said on Thursday that another 963,000 Americans filed for first-time unemployment benefits last week on a seasonally adjusted basis. It’s the first time in five months that the number is below a million.
It was the lowest number of weekly initial claims since mid-March, when the US economy went into shutdown to contain the spread of coronavirus. Still, the numbers are historically high. In the same week last year, just 218,000 people filed for initial benefits.
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