US unemployment remains sky-high as cuts to benefits loom

US unemployment

US unemployment numbers remain perilously high following the inauguration of President Biden, who has promised to “shut down” Covid-19 without shutting down the economy even as jobless benefits for millions are poised to expire.

Unemployment totals have dropped slightly, to 793,000, the Labor Department reported on Thursday, acknowledging that the drop from last week’s total of 812,000 doesn’t necessarily represent an improvement in the country’s economic situation.

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