An employee at work at the Kirsh Foundry in Beaver Dam, Wisconsin. Official data suggests an explosion in new Covid-19 infections and business restrictions are undermining the labour market recovery. – REUTERSPIXThe number of Americans filing first-time claims for jobless benefits increased further last week, suggesting that an explosion in new Covid-19 infections and business restrictions were boosting layoffs and undermining the labour market recovery.
The United States has been slammed by a fresh wave of coronavirus infections, with daily cases exceeding 100,000 since early November. More than 12 million people have been infected in the country, according to a Reuters tally of official data. That improvement, which spilled over to the broader economy through robust consumer spending, was spurred by more than US$3 trillion in government coronavirus relief.
But the fiscal stimulus has largely expired and another rescue package is expected only after President-elect Joe Biden is sworn in on Jan 20. President Donald Trump is heavily focused on contesting his electoral loss to Biden.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.