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Jobless Claims Rise Again, Showing Continued Economic Damage From COVID-19

Jobless Claims Rise Again, Showing Continued Economic Damage From COVID-19

Jobless claims for last week, ended July 11, came out to 1.3 million. This outpaced estimates of 1.25 million and shows continuing damage from the COVID-19 outbreak and subsequent economic disruption. The United States continues to see COVID-19 cases rise, which has put further doubt on the strength of the economic reopening.