U.S. jobless claims hit 5-week high as record coronavirus wave triggers more layoffs
November 25, 2020 at 08:49 AM EST
The number of people who applied for state unemployment benefits in late November rose for the second week in a row to a five-week high, signaling the record rise in coronavirus cases has put a dent in hiring and could be applying the brakes to the economic recovery. Initial jobless claims increased by a seasonally adjusted 30,000 to 778,000.
