WASHINGTON—The number of Americans filing first-time claims for jobless benefits unexpectedly dipped last week while staying extremely high, with the labor market recovery appearing to stall as a raging COVID-19 pandemic threatens to overwhelm the country. Other data on Thursday showed layoffs announced by U.S. companies surged 18.9 percent in December. Still, the economy is…
US Weekly Jobless Claims Unexpectedly Fall; Trade Deficit Widens Sharply
US Jobless Claims Dip but Show Recovery Has Long Way to Go
Fewer Americans sought unemployment benefits last week, but the modest drop did little to dispel concerns that the U.S. job market and wider economy face an arduous recovery from the devastation inflicted by the coronavirus pandemic in 2020. The final major economic data point for a year that saw a recession of historic magnitude erupt…
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