Jobless claims increase for the second week in a row; 1,434,000 new claims filed

The number of new unemployment insurance claims rose again last week — the second week in a row after months of declines — a concerning sign about the pressure that the pandemic is exerting on the labor market anew. About 1.43 million people filed claims last week, up by about 12,000 from the previous week’s jobless claims, which was also revised upward, according to the Labor Department. The number of workers continually claiming unemployment insurance also rose, by about 867,000 workers to 17 million for the week ending July 18, up from 16.1 million for the week ending July 11. That statistic lags by a week. (Wash Post)

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