U.S. Jobless Claims Rise to 6.6 Million in March 28 Week
April 02 2020 - 9:08AM
Dow Jones News
By Sarah Chaney and Eric Morath
A record 6.6 million workers applied for unemployment benefits
last week, marking a sharp downturn in the labor market caused by
the new coronavirus.
The large number of claims comes after 3.3 million sought
benefits two weeks ago as the U.S. shut down parts of the economy
in an effort to contain the virus. Jobless claims, a proxy for
layoffs, provide temporary financial assistance for workers who
lose their jobs.
(END) Dow Jones Newswires
April 02, 2020 08:53 ET (12:53 GMT)
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