U.S. jobless claims rise last week for first time since MarchChristian Fernsby ▼ | July 24, 2020
The number of initial jobless claims in the United States rose to 1.4 million last week amid a resurgence in coronavirus cases, reversing a weekly decline that has continued for 14 weeks, the Labor Department reported Thursday.
Resurgence U.S. unemployment
Topics: U.S. jobless
With the latest numbers, a staggering 52.7 million initial jobless claims have been filed over the past 18 weeks, indicating the mounting economic fallout of the coronavirus pandemic.
The new report also showed that the four-week moving average, a method to iron out data volatility, decreased by 16,500 to reach 1.36 million. ■