Jobless claims up for first time in months as COVID-19 spreads

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Claims jumped last week for the first time in months, Shelly Adler runs the numbers weekly jobless claims jumped to 1.4 million last week. That's the first time we've seen an increase in claims since late March. PNC chief economist Gus Fouchet. It could be that we're seeing more businesses closed down. Because either states are restricting economic activity to control the spread of the virus, or simply that consumers aren't going out. The Labor Department says that roughly 32 million people are receiving unemployment benefits, although some economists say that figure is likely closer to 25 million. Shelly

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