WASHINGTON, D.C. — COVID-19 has continued to impact the U.S. economy as an additional 2.4 million Americans filed first-time unemployment claims in the week ending May 16, the U.S. Department of Labor reports. Since mid-March, 38.5 million people have filed first-time claims. The number for this week was inline with what economists surveyed by Dow Jones expected when they forecast 2.4 million claims. The latest number is a decrease of 249,000 claims from the week ending May 11, which was revised down from its original figure by 294,000 to nearly 2.7 million. The four-week moving average is just over 3 million claims, down by 501,000 from the previous four-week moving average. Despite the number of claims rising overall, the weekly figure has lessened for seven consecutive weeks, the Department of Labor found.
Jobless Claims Continue to Rise as Another 2.4M Americans File for Assistance, Says Department of Labor
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