Protection measures against the coronavirus continued to tear through the employment ranks, with 5.245 million more Americans filing first-time claims for unemployment insurance last week, the Labor Department reported Thursday.
The new filings bring the crisis total to just over 22 million, nearly wiping out all the job gains since the Great Recession.
The total was a bit worse than the 5 million expected from economists surveyed by Dow Jones.
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Despite Trump’s claims that the US steel industry is “thriving” under his presidency, United States Steel Corp plans to layoff nearly 200 workers at their Great Lakes facility in Michigan. A company spokeswoman told Reuters, MORE
It only took a month for coronavirus to become the third leading cause of death in the United States, according to a San Diego doctor and data from the U.S. Centers for Disease Control and MORE