The latest figures are another sign of the precarious situation that millions of Americans are in as business closures aimed at slowing the spread of coronavirus continue.
Thursday’s figures mark a second consecutive decline in claims on the previous week, but whether or not claims have reached their peak remains to be seen.
This is partly because state employment offices, particularly in New York and Florida, have been overwhelmed by applications.wreaked havoc on the labor market, with social distancing measures forcing thousands of businesses to close, and millions of workers are being laid off or furloughed in the process. Data released by the federal reserve on Wednesday shows manufacturing output fell 6.3% in March and industrial output fell 5.
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