US LAYOFFS REMAIN ELEVATED AS JOB MARKET’S GAINS WEAKEN
Sep 12, 2020
3 minutes
The number of Americans applying for unemployment benefits was unchanged last week at 884,000, a sign that layoffs remain stuck at a historically high level six months after the viral pandemic flattened the economy.
The latest figures released by the Labor Department Thursday coincide with other recent evidence that the job market’s improvement may be weakening after solid gains through spring and most of summer. The number of people seeking jobless aid each week still far exceeds the number who did
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