Applications for Jobless Aid Fall to Still-High 1.48 Million

While the report is the 12th straight drop in those seeking unemployment benefits, a new surge in COVID-19 infections threatens to derail the economy again.

  • Published 25 June 2020

[template id="245201"] WASHINGTON (AP) — The number of laid-off workers who applied for unemployment benefits declined slightly to 1.48 million last week, the 12th straight drop and a sign that layoffs are slowing but are still at a painfully high level. The steady decline in claims suggests that the job market has begun to slowly heal from the pandemic, which shuttered businesses and sent the unemployment rate up to 14.7% in April, its highest level… Read at AP News