US weekly jobless claims decline slightly to 860,000
US weekly jobless claims decline slightly to 860,000

Washington (AFP) – New claims for US jobless benefits continued inching down last week, the Labor Department said Thursday, though at 860,000 the applications were higher than expected.The United States saw a surge in workers filing new benefit claims amid the widespread business shutdowns in March to stop the spread of Covid-19, and though that wave is well past its peak, weekly filings remain at levels far above the worst of the 2008-2010 global financial crisis.However, the latest data show the insured unemployment rate among people eligible for benefits fell 0.7 points to 8.6 percent in th…

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