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.
Shoppers at the Glendale Galleria in Glendale, CA on Saturday, Dec. 20, 2025. Myung J. Chun / Los Angeles Times via Getty Images (NEW YORK) — Holiday shopping season sets forth an annual gut check for the U.S. economy,
The all-new 2026 Kia K4 Hatchback is on display during the 2025 Los Angeles Auto Show at the Los Angeles Convention Center on November 21, 2025 in Los Angeles, California. (Josh Lefkowitz/Getty Images) (NEW YORK) — If
Javier Ghersi/Getty Images (NEW YORK) — The stock market surged to record highs in 2025, hurtling past tariffs, a government shutdown and fears of a bubble in artificial intelligence. The S&P 500 — the index that most
Christopher Furlong/Getty Images (NEW YORK) — Silver prices on Monday suffered their largest single-day drop in almost five years, before rebounding nearly 8% in midday trading on Tuesday. Some other precious metals, including gold, rode a similar
Union leaders and members celebrate the defeat of a measure to overturn the hotel and airport $30 per hour minimum wage at Los Angeles City Hall in downtown, Sept. 9, 2025 in Los Angeles, CA. Gary Coronado/Los
