Weekly unemployment claims in US hit nearly three-million to May 9
With the latest numbers, 36.5-million applications for unemployment insurance have been filed since Covid-19 began shutting down firms in mid-March
Washington — The number of Americans seeking unemployment benefits remained in the millions for an eighth straight week as the economy continued to reel from the coronavirus pandemic.
Initial jobless claims in state programmes totalled 2.98-million in the week ended May 9, labour department figures showed on Thursday, following 3.18-million the prior week. While filings have eased for a sixth straight week, they failed to decline as much as economists had projected, with a median estimate of 2.5-million...