Rise in U.S. first-time jobless claims is first since late March
The headline numbers on initial and continuing jobless claims may start to diverge from reality, thanks to the pandemic’s distortion of typical seasonal factors. The latest numbers showed 1.4 million initial claims.New applications for unemployment benefits rose by 109,000 to 1.
42 million in the week ended July 18, the Labor Department said Thursday.Jul. 23, 2020 at 8:49 a.m. ETCarnival Corp.'s P&O Cruises has extended its sailing pause by 42 days in Australia and New Zealand to Oct. 29, it said, as travel restrictions remain in place in various countries due to the coronavirus pandemic.
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