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1.3 million more workers file new unemployment claims last week

1.3 million workers filed for unemployment insurance for the first time last week — the 17th straight week new claims exceeded 1 million as the coronavirus pandemic continues to drag down the economy.

“What we’re seeing is continued, historic elevated rates of job loss in the United States,” said Nick Bunker, an economist at Indeed Hiring Lab. “We’ve seen sustained elevated rates of job loss, and that’s continued as we hurdle toward the expiration of several programs that have propped up the economy.”

It was also the 17th straight week in which initial claims totaled at least 1 million. Initial claims have risen by more than 51 million since late March, when it peaked at 6.867 million.

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