Number of Americans on jobless benefits inches down for first time since pandemic began

People line up at a jobless centre in Las Vegas, Nevada in March. While still high, the number of Americans on jobless benefits finally lowered last week, down to just over 21 million people. 
John Locher/The Associated Press

Date of Publication: May 29, 2020

Source: CBC

The number of Americans continuing to receive jobless benefits has been on the decline for the first time since COVID-19 struck. 21.052 million people continued receiving benefits on the week ending May 16. This was a decline from the record 24.912 million people receiving benefits the previous week. The number of new people filling for jobless benefits for the first time has remained above 2 million people per week since mid-March. Even as non-essential businesses begin to reopen, these numbers remain high and may indicate that it will take a while for the economy to recover from the coronavirus-induced slump.

Read the full article here: https://www.cbc.ca/news/business/jobless-us-benefits-1.5588328

Summary by: Angus Lau