BREAKING: The Labor Department says applications for unemployment benefits dropped by 4,000 last week, an indication that the coronavirus had not yet hit the labor market in a major way.
WASHINGTON — The number of Americans filing new claims for unemployment insurance fell last week for a second straight week, an indication that the coronavirus had not yet hit the labor market in a major way.
Applications for unemployment benefits are being watched for any signs that the virus has started to trigger major layoffs. Those concerns have already shown up on Wall Street where the stock market has suffered record declines over the past two weeks.
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