• US unemployment claims jump to 965,000 as virus takes toll

    6 days ago - By Wood TV

    WASHINGTON - The number of people seeking unemployment aid soared last week to 965,000, the most since late August and a sign that the resurgent virus has likely escalated layoffs.
    The latest figures for jobless claims, issued Thursday by the Labor Department , remain at levels never seen until the virus struck. Before the pandemic, weekly applications typically numbered around 225,000. They spiked to nearly 7 million last spring, after nationwide shutdowns took effect. Applications declined over the summer but have been stuck above 700,000 since September.
    The high pace of layoffs...
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