Labor Dept Reports 803K New Jobless Claims For Week

The Wall Street Journal reports:

U.S. jobless claims fell to 803,000 last week, a retreat from a three-month high amid broader signs of a slowing economic recovery.

The latest data came as states and local municipalities impose fresh restrictions on social and business activity to combat a surge in coronavirus cases.

Other parts of the economy have shown signs of losing momentum as coronavirus cases have risen and businesses and consumers grapple with renewed restrictions.