Retail News

Weekly jobless claims in the millions for ninth straight week

Yahoo Finance 05/21/2020

Over 2.4 million workers filed their initial jobless claims last week, somewhat below the adjusted number of 2.69 million for the week prior, but still a devastating indication of the toll the coronavirus shutdown is taking on the U.S. economy.  The nine-week unemployment claims total has now exceeded 38 million. The most claims last week were reported in California, estimated at 246,000, followed by New York with about 227,000.

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