Around 1.5 million U.S. workers filed for new unemployment benefits during the week ending June 13, reflecting continuing layoffs as the country’s economic recovery slowly starts to take shape. First-time claims have been gradually falling since hitting a record 6.8 million in late March, indicating that the downturn triggered by a near shutdown of the country in mid-March to control the spread of COVID-19 is bottoming out.
Source: New feed 2