Coronavirus layoffs push US weekly jobless claims to 2-year high


The number of Americans filing for unemployment benefits surged by the most since 2012 to a 2-1/2-year high last week, as companies in the services sectors laid off workers because of the coronavirus pandemic.

The deterioration in the most timely labor market indicator, reported by the Labor Department on Thursday, offered a glimpse of what lies ahead as the country struggles to curb the spread of the highly contagious virus, which has upended life for Americans. Economists are expecting a recession by the second quarter, though some.....

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