Another 1.3M Americans File First-Time Unemployment Claims

WASHINGTON, D.C. — Another 1.3 million Americans filed for first-time unemployment assistance during the week ending July 11, the U.S. Department of Labor reports. The figure is down 10,000 from the previous week’s total. Economists surveyed by Dow Jones expected just under 1.3 million claims. The four-week moving average decreased by 60,000 claims to nearly 1.4 million. This marks the 16th consecutive week that the initial claims have totaled more than 1 million due to the worldwide COVID-19 outbreak.