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1.4 mn sought US jobless aid last week underlining Covid-19 devastation

The Labor Department's report Thursday marked the 19th straight week that more than 1 million people have applied for unemployment benefits

Consumers prop up US economy, but profits under pressure
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Before the coronavirus hit hard in March, the number of Americans seeking unemployment checks had never exceeded 700,000 in any one week

AP | PTI
More than 1.4 million laid-off Americans applied for unemployment benefits last week, further evidence of the devastation the coronavirus outbreak has unleashed on the US economy.

The continuing wave of job cuts is occurring against the backdrop of a spike in virus cases that has led many states to halt plans to reopen businesses and has caused millions of consumers to delay any return to travelling, shopping and other normal economic activity. Those trends have forced many businesses to cut jobs or at least delay hiring.

The Labor Department's report Thursday marked the 19th straight week that more than 1

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First Published: Jul 30 2020 | 7:05 PM IST

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