Economic Report: U.S. jobless claims hit 5-week high as record coronavirus wave triggers more layoffs

The number of people who applied for state unemployment benefits in late November rose for the second week in a row to a five-week high, signaling the record rise in coronavirus cases has put a dent in hiring and could be applying the brakes to the economic recovery. Initial jobless claims increased by a seasonally adjusted 30,000 to 778,000.

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