1.4 Million More Americans File for Unemployment

New York (CNN Business) - In yet another sign that the economic recovery is teetering in a resurgence of coronavirus cases, the number of Americans filing first-time unemployment claims rose for the second week in a row.

Some 1.4 million people filed for initial jobless claims last week, up 12,000 from the prior week's revised level, which was the first increase in 16 weeks.
On an unadjusted basis, 1.2 million people filed first-time claims, down 171,000 from the week before. The seasonal adjustments are traditionally used to smooth out the...

The number of Americans who filed for unemployment benefits last week was roughly in line with expectations as the coronavirus pandemic continues to ravage the U.S. economy.

Data released by the Labor Department showed initial weekly jobless claims for the week ending July 25 came in at 1.434 million. Economists polled by Dow Jones expected claims to rise to 1.45 million.

This also marks the second consecutive week in which initial claims rose after declining for 15 straight weeks. It is also the 19th straight week in which initial claims...