Coronavirus jobless claims top 48M

FAN Editor

The number of Americans filing first-time unemployment claims totaled 1.427 million in the week ended June 27, the Labor Department said Thursday.

Continue Reading Below

More than 48 million Americans have lost their jobs since stay-at-home orders designed to slow the spread of COVID-19 were first issued in March. The prior week’s total was revised up by 2,000 to 1.48 million.

Continuing claims, the number of people receiving jobless benefits after an initial week of aid, rose by 59,000 to 19.29 million for the week ended June 20.

Wall Street analysts surveyed by Refinitiv were expecting 1.355 million initial claims and 19 million continuing claims.

CLICK HERE TO READ MORE ON FOX BUSINESS

This story is developing. Check back for updates.

Free America Network Articles

Leave a Reply

Next Post

American Airlines, 4 others finalize Treasury loans amid coronavirus travel bust

Five major airlines have agreed to loan terms with the U.S. Treasury in a coronavirus bailout deal. The Treasury Department announced it has finalized the terms of loans for five U.S. airlines, including American Airlines, amid the coronavirus travel bust after setting aside $46 billion for loans and loan guarantees to the […]

You May Like