The number of people seeking unemployment benefits is up for the first time since March
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The number of people seeking unemployment benefits is up for the first time since March
The number of laid-off Americans seeking unemployment benefits rose last week for the first time since the pandemic struck in March, evidence of the deepening economic pain the outbreak is causing to the economy. The rise in weekly jobless claims to 1.4 million underscores the outsize role the unemployment insurance system is playing among the nation’s safety net programs — just when a $600 weekly federal aid payment for the jobless is set to expire at the end of this week.
All told, the Labor Department said Thursday that roughly 32 million people are receiving unemployment benefits.
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