Jill Goldsmith Co-Business EditorNew U.S. jobless claims rose last week for the first time since March, sparking fears the economy is sputtering again as COVID-19 cases surge across the country and some reopened businesses shut down again.Some 1.416 million Americans filed for first-time unemployment benefits in the week ending July 18, up from 1.307 million the week before and above the 1.3 million expected.
It’s the first increase in new claims on a week-over-week basis since March, showing a weakening trend in the labor market.In comparison, the same week the year earlier had 211,000 new claims.It was the 18th week running that new claims topped one million.
Read more on deadline.com
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