Weekly unemployment filings tick up to 898,000 last week

istock_101520_unemployapp201

courtneyk/iStockBy CATHERINE THORBECKE, ABC News

(WASHINGTON) — The Labor Department said Thursday that another 898,000 people filed jobless claims last week, highlighting how new layoffs are persisting at historical highs more than six months since the start of the COVID-19 pandemic.

Last week’s initial unemployment claims tally also shows a concerning spike of more than 53,000 compared to the previous week’s revised figure.

Copyright © 2020, ABC Audio. All rights reserved.

g_trump_071125251907

What to know about Trump’s new tariffs on Canada

Chip Somodevilla/Getty Images (WASHINGTON) — President Donald Trump ratcheted up tariffs on Canada late Thursday, stoking tensions with a top U.S. trade partner as the two sides try to hash out a trade agreement by the end of the month. The

news_karolineleavitt_77258619

Dow closes down 420 points as Trump unveils new tariffs

Andrew Caballero-Reynolds/AFP via Getty Images (WASHINGTON) — Stocks closed down significantly on Monday after President Donald Trump announced steep tariffs on seven countries and threatened to impose new levies on others. The Dow Jones Industrial Average closed down 422 points, or

getty_tariffs-gty-er-250707_1751903594103_hpembed_3x2369193

What to know about Trump's shifting tariff deadline

Chip Somodevilla/Getty Images (WASHINGTON) — President Donald Trump on Monday will sign an executive order delaying steep levies on dozens of countries that were set to take effect on Wednesday, the White House said. Trump’s so-called reciprocal