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US stocks slide as dismal jobless data offsets new European stimulus

1 month ago   |   By Business Insider

US stocks sank Thursday as another round of dismal weekly jobless-claims data offset new economic stimulus efforts in Europe.
US jobless claims for the week that ended on Saturday totaled 1.9 million , the Labor Department said Thursday. That exceeded the median economist estimate.
Continuing claims, which represent the aggregate total of people actually receiving unemployment benefits, also came in higher than expected.
Overseas, the European Central Bank boosted its emergency stimulus by $676 billion in an increased effort to combat coronavirus economic fallout.
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New US unemployment claims reached 1.9m last week despite rate of increase slowing

New US unemployment claims reached 1.9m last week despite rate of increase slowing

1 month ago   |   By The Guardian

‘The figures are so high that it's hard to grasp the reality' New filings down for ninth consecutive week Another 1.9 million Americans filed for unemployment benefits last week as the total number of claims passed 42 million since the coronavirus pandemic hit the US. The pace of layoffs has slowed dramatically from its peak of 6.6m at the start of April as states start to relax quarantine orders and last week was the ninth consecutive week of declines. But the scale of layoffs remains staggeringly high. In the worst week of the last recession “just” 665,000 people filed for unemployment.
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US weekly jobless claims hit 1.9 million, bringing the 11-week total to nearly 43 million

US weekly jobless claims hit 1.9 million, bringing the 11-week total to nearly 43 million

1 month ago   |   By Business Insider

US jobless claims for the week that ended on Saturday totaled 1.9 million, the Labor Department said Thursday. That slightly exceeded the median economist estimate .
That brought the 11-week total to nearly 43 million. But Thursday's report also marked the ninth straight week of declining claims.
That ultimately means that more than one in four American workers is currently out of a job.
Continuing claims, which represent the aggregate total of people actually receiving unemployment benefits, were 21.5 million for the week.
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Another 1.87 million file new jobless claims in a week

Another 1.87 million file new jobless claims in a week

1 month ago   |   By Daily Mail

Another 1.87 million new claims for unemployment benefits were filed last week, the Labor Department said on Thursday.
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