RISE IN JOBLESS CLAIMS REFLECTS STILL-STRUGGLING US ECONOMY
Aug 22, 2020
4 minutes
Image: Damian Dovarganes
The coronavirus recession struck swiftly and violently. Now, with the economy still in the grip of the pandemic five months later, the recovery looks fitful and uneven — and painfully slow.
The latest evidence came Thursday with the government’s report that the number of workers seeking U.S. unemployment benefits rose back above 1 million last week after two weeks of declines.
At the same time, a regional manufacturing index grew more slowly in August than in July. Employers are advertising fewer job openings with unemployment still in double digits. And many businesses and consumers remain
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