Unemployment filings stabilize — but at record highs

Another 1.5 million Americans filed for unemployment benefits last week, about one-third fewer than the week prior. The number suggests that the rate of job loss in America has stabilized, even though businesses continue to hemorrhage employees at unprecedented levels. The Department of Labor’s unemployment report for the week ending June 13 showed 20.5 million Americans receiving unemployment benefits, down from 25 million in early May. Before Covid, the peak for weekly unemployment filings was

source https://therealdeal.com/2020/06/18/unemployment-filings-stabilize-but-at-record-highs/