Economics
U.S. Labor-Market Improvement Shows Further Signs of Slowing
- Data show little abatement in firings amid broader reopening
- Almost 20 million Americans remain on state jobless benefits
This article is for subscribers only.
A higher-than-expected number of Americans sought unemployment benefits for a second week, signaling a slowdown in U.S. labor-market improvement.
Initial jobless claims in regular state programs fell by 60,000 to 1.48 million last week from an upwardly revised figure the prior week, Labor Department data showed Thursday. Economists surveyed by Bloomberg News had forecast 1.32 million initial claims.