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US jobless claims climb by nearly 3 mln last week amid COVID-19 pandemic

2020-05-16 10:13:17       source:Global Times

May 15, 2020


The number of initial jobless claims in the United States totaled nearly 3 million last week as the COVID-19 pandemic continues to sweep the nation, the Labor Department reported Thursday.

In the week ending May 9, the number of Americans filing for US unemployment benefits decreased by 195,000 from the prior week to 2,981,000, the sixth weekly decline in a row but higher than economists' expectation for 2.5 million.

With the latest numbers, more than 36.5 million Americans have applied for unemployment benefits since the COVID-19 epidemic forced widespread business closures in mid-March.


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