This is a breaking news story: Please check back for updates. The beleaguered U.S. labor market is absorbing a fresh wave of jobless workers, with 778,000 new unemployment claims filed in the latest week, as soaring COVID-19 infections lead states and cities to clamp down on public life. The Department of Labor released its weekly report on initial jobless claims Thursday morning at 8:30 a.m. ET. Here are the numbers compared to what Wall Street expected, according to consensus estimates… Source link
Read More »Another 778,000 workers filed for unemployment as ‘pandemic purgatory’ worsens
