Category: job cuts

US Unemployment Claims Fall to 779,000 but Job Cuts Grind On

WASHINGTON—The number of Americans seeking unemployment benefits declined to 779,000 last week, a still-historically high total that shows that a sizable number of people keep losing jobs to the viral pandemic. Last week’s total dropped from 812,000 the previous week, the Labor Department said Thursday, and is the lowest in two months. Still, before the virus erupted…


US Unemployment Claims Fall to 779,000 But Job Cuts Still Sizable

WASHINGTON—The number of Americans seeking unemployment benefits declined to 779,000 last week, a still-historically high total that shows that a sizable number of people keep losing jobs to the viral pandemic. Last week’s total dropped from 812,000 the previous week, the Labor Department said Feb. 4, and is the lowest in two months. Still, before the virus…