Investing.com investing.com 07 Jan, 2021 19:45 am

U.S. labor market recovery faltering; layoffs hit record in 2020 By Reuters

U.S. labor market recovery faltering; layoffs hit record in 2020 By Reuters
U.S. labor market recovery faltering; layoffs hit record in 2020

" Initial claims for state unemployment benefits dipped 3,000 to a seasonally adjusted 787,000 for the week ended Jan.Including a government-funded program for the self-employed, gig workers and others who do not qualify for the regular state unemployment programs, 1.Government-funded programs for the self-employed, gig workers and others who do not qualify for the state unemployment programs as well as those who have exhausted their benefits were also extended in the package.People wait outside Kentucky Career Center in Frankfort WASHINGTON (Reuters) - The number of Americans filing first-time claims for jobless benefits unexpectedly dipped last week while staying extremely high, with the labor market recovery appearing to stall as a raging COVID-19 pandemic threatens to overwhelm the country.

(GRAPHIC: Jobless claims - https://graphics.Jobless claims remain above their 665,000 peak during the 2007-09 Great Recession, though they have dropped from a record 6.

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