WORLD New US weekly jobless claims fall to 751,000


New US weekly jobless claims fall to 751,000


20:53, October 29, 2020

A view of Bourbon Street amid the outbreak of the coronavirus in New Orleans, Louisiana, U.S., March 25, 2020. (Photo: CGTN)

New applications for US jobless benefits fell for a second straight week last week, the Labor Department said on Thursday, as the world's largest economy continues to recover from the coronavirus downturn.

The 751,000 new claims were 40,000 below the previous week's result and the lowest since business shutdowns sent claims spiking in March, indicating a renewed loss of momentum in the unemployment indicator.

Related Stories

Terms of Service & Privacy Policy

We have updated our privacy policy to comply with the latest laws and regulations. The updated policy explains the mechanism of how we collect and treat your personal data. You can learn more about the rights you have by reading our terms of service. Please read them carefully. By clicking AGREE, you indicate that you have read and agreed to our privacy policies

Agree and continue