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

  • Jul 24, 2020 NZST
  • Team Kalkine
U.S. Weekly Jobless Claim Surges for the First Time in Four Months

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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