World

US jobless claims rise for second week in a row

Bloomberg | Updated on July 30, 2020 Published on July 30, 2020

The number of Americans filing for unemployment benefits increased for a second straight week, a sign the economic rebound is increasingly at risk with Congress poised to potentially let supplemental $600 payments expire.

Initial claims through regular state programs rose to 1.43 million in the week ended July 25, up 12,000 from the prior week, a Labour Department report showed on Thursday. There were 17 million Americans filing for ongoing benefits through those programs in the period ended July 18, up 867,000 from the prior week -- the largest increase since early May.

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Published on July 30, 2020
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