More than 2 million Americans applied for unemployment benefits last week, signaling major job losses are continuing two months after the coronavirus pandemic started shuttering businesses.
Initial jobless claims for regular state programs totaled 2.44 million in the week ended May 16, Labor Department figures showed Thursday. The prior week's figure was revised down by 294,000 to 2.69 million after a clerical error by Connecticut labor officials inflated the overall nationwide figure. The median estimate in a Bloomberg survey of economists called for 2.4 million claims in the latest week.
