US weekly jobless claims stayed above 3 million
Business

3.17 million Americans filed for unemployment benefits last week

US weekly jobless claims hit 3.17 million last week as the seven-week total reached a record 33.5 million. Although jobless claims are slightly above the estimates but remained below the previous week’s 3.8 million. The layoffs associated with social distancing practices have wiped out all of the job gains the economy has seen since the recovery from the Great Recession

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Thu May 07 - CNBC

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