The strained US economy and job market
Last week, the latest weekly data on the initial unemployment benefits indicated that while claims may have fallen to 1.31 million for the last week of June, an increasing number of the workforce have filed for Pandemic Unemployment Assistance or PUA for the fourth straight week. 1.4 million filed PUA claims which was a first-time increase of over 42,000 people as compared to the prior week. Read the whole report here.
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