Another 1.3 million workers file for US jobless benefits
Another 1.3 million US workers filed for unemployment benefits last week, continuing the slowdown in the pace of layoffs, the government has reported.
The four-week moving average slowed to 1.44 million in the week ended July 4, the Labour Department reported, showing a steady decline as the economy reopens from the coronavirus-imposed shutdowns, but still far higher than any pre-pandemic week.
However, nearly 19 million remain on the jobless rolls, according to the data through June 27.
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