U.S. weekly jobless benefits to stay elevated as coronavirus layoffs widen
Share:
WASHINGTON (Reuters) - The global novel coronavirus crisis continues to batter the U.S. labor market, with millions more Americans, including white collar workers, expected to have filed for unemployment benefits last week as the hit from the pandemic spills over into a broader swath of the economy.Thursday's weekly jobless claims report from the Labor Department, the most timely data on the economy's health, would cement economists' expectations for a third straight month of massive job losses..