US New Unemployment Insurance Claims at 1.006 Million... Over 1 Million for 2 Consecutive Weeks
[Asia Economy Reporter Seulgina Jo] The number of new unemployment insurance claims in the United States recorded 1 million as initially expected. It is the second consecutive week in the 1 million range. However, it is a decrease compared to the previous week, which exceeded 1.1 million.
On the 27th (local time), the U.S. Department of Labor announced that the number of unemployment insurance claims last week was 1,006,000. Local media reported that although this is lower compared to March, when the country was hit hard by the novel coronavirus infection (COVID-19), it is still historically high. The average weekly claims before the COVID-19 pandemic were around 200,000.
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The number of unemployment insurance claims, which had fallen below 1 million earlier this month, surpassed Wall Street expectations last week and broke through the 1.1 million mark again.
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