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3 Million More Americans File for Unemployment

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May 14 (UPI) -- About 3 million more Americans have filed new unemployment claims, the Labor Department said in its weekly report Thursday.


The increase pushes the eight-week total to more than 36 million. The report said the new weekly figure of 2.98 million is a decrease of 195,000 from the previous week, which the department revised up by 7,000 claims.


Economists had expected an increase of 2.7 million new claims. The peak was 6.9 million new claims in late March.


The unemployment rate rose to 14.7 percent in April, the highest since World War II. Thursday's report said the rate increased to 15.7 percent by May 2.

 

If adjusted to include furloughed workers who have not made insurance claims, the figure is nearly 20 percent.


https://www.upi.com/Top_News/US/2020/05/14/3M-more-Americans-file-new-unemployment-claims-Labor-Dept...

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