Another 709,000 Americans Filed For Unemployment Claims Last Week

America’s jobs recovery is slowing down. While many have been able to return to work, millions remain unemployed. Another 709,000 Americans filed first-time claims for unemployment benefits last week on a seasonally adjusted basis, the Labor Department reported Thursday. It was a slightly smaller number of initial claims than economists had expected. On top of that, another 298,154 workers filed for Pandemic Unemployment Assistance, a program sanctioned under the CARES Act to provide benefits to those ineligible for regular state aid, such as the self-employed. Together, first-time claims stood at 1 million last week, not adjusted for seasonal fluctuations. That was a new low for the total number. Read more at CNN Business.