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Rise in jobless claims reflects still-struggling US economy - Black News Channel

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By Christopher Rugaber AP Economics Writer WASHINGTON (AP) — 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 […]

The post Rise in jobless claims reflects still-struggling US economy appeared first on Black News Channel.

Source: Black News Channel - Black News Channel

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