Economy

Another 1 million jobless claims show Congress may need to extend extra benefits set to expire

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Whitney Maddox and DeShaun Bradford stand with hundreds of others in line outside a Kentucky Career Center hoping to find assistance with their unemployment claim in Frankfort, Kentucky, June 18, 2020.

Bryan Woolston | Reuters

The Labor Department’s latest jobless claims report showed that employers across the U.S. are still laying off workers and added urgency to calls for an extension to bolstered unemployment benefits, economists said.

The fact that another 1.5 million U.S. workers filed jobless claims for the first time last week shows how long-lasting the economic fallout from Covid-19 will be and supports the argument to continue the souped-up unemployment benefits first passed in…



Source cnbc.com

Jobless claims rise more than expected

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