BUSINESS
US jobless claims fell more than expected - Economo
BUSINESS

US jobless claims fell more than expected - Economo

Published: July 10, 2020  |  2 min read, 458 words
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The US jobless claims fell more than expected last week, easing fears of a new downturn in the labor market after several major states reported an increase in coronavirus cases.The number of applications for financial assistance under regular state programs fell by 99,000 to 1.31 million in the week ending July 4, according to data from the Ministry of Labor. On the other hand, economists expected applications to reach a level of 1.375 million.Re-applications, which show the total number of Americans receiving benefits over a longer period, fell to 18.1 million in the week ended June 27,... READ MORE
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