Jobless claims rise for second straight week as U.S. economic activity slows down

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ap215
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Jobless claims rise for second straight week as U.S. economic activity slows down

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Jobless claims rise for second straight week as U.S. economic activity slows down

The numbers: The number of Americans applying for jobless benefits rose for the second straight week, a sign economic growth could be stalling in late July. Claims had been on a steady decline after peaking in late March.

Initial jobless claims rose by 12,000 to 1.434 million in the week ended July 25, the Labor Department said Thursday. Economists surveyed by MarketWatch had been looking for 1.51 million new claims. A new federal relief program for so-called “gig” workers like Uber drivers, totaled 829,607 last week.

https://www.marketwatch.com/story/joble ... 2020-07-30

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Number6
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Re: Jobless claims rise for second straight week as U.S. economic activity slows down

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ap215 wrote:
Thu Jul 30, 2020 11:54 am
Jobless claims rise for second straight week as U.S. economic activity slows down

The numbers: The number of Americans applying for jobless benefits rose for the second straight week, a sign economic growth could be stalling in late July. Claims had been on a steady decline after peaking in late March.

Initial jobless claims rose by 12,000 to 1.434 million in the week ended July 25, the Labor Department said Thursday. Economists surveyed by MarketWatch had been looking for 1.51 million new claims. A new federal relief program for so-called “gig” workers like Uber drivers, totaled 829,607 last week.

https://www.marketwatch.com/story/joble ... 2020-07-30
And it's going to get worse.
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