US jobless claims rise sharply as Covid-hit businesses shut
Initial jobless claims in regular state programmes rise to 853,000 as economic rebound falters
10 December 2020 - 16:54
New York — Applications for US unemployment benefits surged last week, topping estimates with the highest level since September, suggesting that widening business shutdowns to curb the pandemic are spurring fresh job losses.
Initial jobless say in regular state programmes rose by 137,000 to 853,000 in the week ended December 5, labor department data showed on Thursday. On an unadjusted basis, the figure increased by almost 229,000. The prior week included Thanksgiving, and data tend to be volatile around holidays...
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