Markets.News
A recent report reveals that the number of unemployment claims filed last week in the US reached 900,000, significantly higher than the previous week's total of 800,000. This uptick in jobless claims indicates ongoing challenges in the labor market amidst the COVID-19 pandemic. Additionally, the total number of individuals receiving unemployment benefits increased to over 5 million, reflecting the continued economic strain faced by many Americans. Experts warn that the road to recovery may be prolonged as businesses struggle to stay afloat and consumer confidence remains low.