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05/14/2020

Weekly Jobless Claims Total 2.981 Million

This brings the coronavirus tally to 36.5 million

New filings for unemployment claims totaled just shy of 3 million for the most recent reporting period, a number that while still high declined for the sixth straight week, according to U.S. Department of Labor figures Thursday.

The total 2.981 million new claims for unemployment insurance filed last week brought the coronavirus (COVID-19) crisis total to nearly 36.5 million, by far the biggest loss in U.S. history. The count announced last week count was revised up by 7,000 to 3.176 million, putting the weekly decline at 195,000.

Economists surveyed by Dow Jones had been expecting the latest count of new claims to be 2.7 million.

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