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US jobless claims top 40m as economy struggles to reopen


The number of Americans to have sought unemployment benefits during the pandemic has eclipsed 40m after more than 2m people applied for the first time last week, even as the number of people actively receiving benefits unexpectedly fell. New jobless claims have slowed for eight consecutive weeks, and the decline in continuing payments was the first since the coronavirus crisis began, as states have begun to emerge from Covid-related shutdowns and restart economic activity.

Financial Times - May 28, 2020

View the full story here: https://www.ft.com/content/32b5d491-d38c-4f17-bec3-a7309bb6c939