The 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 labor 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. A separate report from the Commerce Department on Wednesday confirmed the economy's historic pace of expansion in the third quarter. Gross domestic product grew at an unrevised 33.1per cent annualized rate, the government said in its second estimate of third-quarter output.
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