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COVID & Unemployment

With a continuing wave of job cuts, another 1.4 million Americans sought unemployment benefits

Associated Press Jul 30, 2020
A spike in virus cases has led many states to halt plans to reopen businesses and has caused millions of consumers to delay any return to traveling, shopping and other normal economic activity. Mario Tama/Getty Images
COVID & Unemployment

With a continuing wave of job cuts, another 1.4 million Americans sought unemployment benefits

Associated Press Jul 30, 2020
A spike in virus cases has led many states to halt plans to reopen businesses and has caused millions of consumers to delay any return to traveling, shopping and other normal economic activity. Mario Tama/Getty Images

More than 1.4 million laid-off Americans applied for unemployment benefits last week, further evidence of the devastation the coronavirus outbreak has unleashed on the U.S. economy.

The continuing wave of job cuts is occurring against the backdrop of a spike in virus cases that has led many states to halt plans to reopen businesses and has caused millions of consumers to delay any return to traveling, shopping and other normal economic activity. Those trends have forced many businesses to cut jobs or at least delay hiring.

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