Economy

Another million applied for unemployment benefits

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People wear their face masks waiting in line for an emergency food distribution at the 88th Street Temple Church of God in Christ on April 14, 2020 in Los Angeles, California, during the coronavirus pandemic.

Frederic J. Brown | AFP | Getty Images

The number of Americans who filed for unemployment benefits for the first time came in above 1 million for the 22nd time in 23 weeks as the economy struggles to recover from the coronavirus pandemic, the Labor Department said Thursday.

Initial U.S. jobless claims totaled just over 1 million for the week ending Aug. 22, down from 1.104 million in the previous week. Economists polled by Dow Jones expected initial jobless claims expected claims to…



Source cnbc.com

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