Date of Publication: May 29, 2020
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