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Jobless claims increase to 885,000 as unemployment surges

By Jay Heflin
Published December 17, 2020 1:31pm ET
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Jobless claims increase to 885,000 as unemployment surges
The number of new applications for unemployment benefits last week rose to 885,000, the Labor Department reported Thursday, in a sign that the pandemic is damaging the labor market. Economists had projected that there would be 815,000 new jobless claims last week. Thursday’s report is a 23,000 increase over the prior week’s total of 862,000 […]

The number of new applications for unemployment benefits last week rose to 885,000, the Labor Department reported Thursday, in a sign that the pandemic is damaging the labor market.

Economists had projected that there would be 815,000 new jobless claims last week.

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