New US jobless claims at 2.12 million as layoffs pass 40 million

New US jobless claims at 2.12 million as layoffs pass 40 million

Channel NewsAsia - World·2020-05-28 22:41

WASHINGTON: Another 2.12 million people filed for unemployment in the United States last week, pushing total layoffs since the start of the COVID-19 crisis to more than 40 million, a level not seen since the Great Depression, the Labor Department said.

The new filings, however, showed that the pace of the layoffs was subsiding as the US economy slowly begins to reopen, with the data for the week ended May 23 a decrease from the upwardly revised 2.44 million claims filed the week before.

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