U.S. Weekly Jobless Claim Surges for the First Time in Four Months

  • July 24, 2020 01:43 PM NZST
  • Team Kalkine

The United States jobless claims rose unexpectedly for the week ended 18 July 2020, rising for the first time in nearly four months.

  • The U.S. weekly jobless claims rose to 1.416 million from 109,000 in the period prior.
  • As per the data from the United States Labor Department, nearly 32 million people were collecting unemployment checks in early July.
  • Furthermore, the labor market weakness is putting pressure on the Congress to extend the USD 600 weekly jobless supplement ahead of 31 July 2020.

 


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