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Unemployment claims fall to 787,000, down 19,000

The number of Americans claiming unemployment benefits has fallen by 19,000 but remains high at 787,000 as a resurgent coronavirus takes hold of the US economy.

While at the lowest level in four weeks, the new figures released Thursday by the Ministry of Labor are nearly four times higher than a year ago before the coronavirus struck. Employers continue to cut jobs as rising coronavirus infections keep many people in their homes as state and local governments reimpose restrictions.

Unemployment claims were around 225,000 a week before the pandemic hit hard last March, pushing weekly jobless claims to a high of 6.9 million at the end of March as efforts to contain the virus have plunged the economy into a deep recession.

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