Labor Dept Reports One Million New Jobless Claims

CNBC reports:

The number of Americans who filed for unemployment benefits for the first time came in above 1 million for the 22nd time in 23 weeks as the economy struggles to recover from the coronavirus pandemic, the Labor Department said Thursday.

It was the second-consecutive week that new claims was above 1 million. Initial claims were last below 1 million the week of Aug. 8, when they totaled 971,000.

The number of Americans who filed for unemployment benefits for the first time came in above 1 million for the 22nd time in 23 weeks as the economy struggles to recover from the coronavirus pandemic, the Labor Department said Thursday.