Another 3.1 million Americans likely sought unemployment benefits last week amid a drastic downshift in the labor market caused by the pandemic
More Americans are expected to have filed for unemployment benefits in the past two weeks than in the prior six months, marking a drastic downshift in the U.S. labor market caused by the coronavirus pandemic.
Economists surveyed by The Wall Street Journal expect about 3.1 million Americans filed for jobless benefits last week after a record 3.3 million sought benefits two weeks ago as the U.S. shut down parts of the economy in an effort to contain the virus. Jobless claims, a proxy for layoffs, provide temporary financial...
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