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US unemployment during Covid-19 pandemic approaches 55 MILLION

1 month ago   |   By RT

The number of new unemployment insurance claims in the United States is expected to have improved marginally last week, with initial jobless claims for the week ended August 1 expected at 1.4 million.
That's down from the 1.434 million who applied during the previous week, and would represent the 20th straight week that new claims topped a million. Continuing claims could be down from last week's 17.018 million to 16.9 million.
New jobless claims in last week's report rose for a second straight week, after what had been 15 consecutive weeks of declines previously. Statistics showed that...
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