• The number of Americans filing for unemployment unexpectedly spiked to 419,000 last week

    4 days ago - By Business Insider

    Hundreds of people line up outside a Kentucky Career Center hoping to find assistance with their unemployment claim in Frankfort, Kentucky, U.S. June 18, 2020.
    Bryan Woolston/Reuters
    Initial jobless claims for the week ending July 17 came in at 419,000, far above expectations of 350,000.
    Continuing claims, or the number of Americans receiving benefits, were 3.236 million, above expectations of 3.1 million.
    Most labor market data from the last couple months suggests a quickly recovering economy.
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    Initial jobless claims for the week ending July 17...
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