Jobless claims spiked in the U.S. last week, with 853,000 people seeking new benefits
Source: Wahington Post
The number of new unemployment claims rose sharply to 853,000 last week, an increase of 137,000 from the week before, another sign of the toll the pandemic is taking on the labor market.
The number of claims leapt over 800,000 for the first time since the week ending Oct. 10, when they came in at 842,000.
A large spike in coronavirus cases in the United States, particularly since October, has rattled large parts of the economy. There are now more than 1 million new cases of coronavirus each week in the United States, and the country shattered a record on Wednesday with more than 3,000 deaths from the disease. Hospitals in many parts of the country are overwhelmed and some state and local jurisdictions are imposing fresh restrictions to try and curb the spike.
Read more: https://www.washingtonpost.com/business/2020/12/10/jobless-claims-spiked-us-last-week-with-853000-people-seeking-new-benefits/
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