“First-time jobless claims fall below 1 million for the first time since March”
August 13, 2020
“Another 963,000 Americans filed for regularfirst-time unemployment benefits last week on a seasonally adjusted basis — the first time in five months that number has dipped below 1 million, the Department of Labor said Thursday.
It was the lowest number of weekly initial claims since mid-March, whenthe pandemic shut down the US economy.For 20 straight weeks, the number of people filing for first time-unemployment consistently came in at more than 1 million, peaking at nearly 7 million at the end of March…”
https://www.cnn.com/2020/08/13/economy/unemployment-benefits-coronavirus/index.html