More than 1.4M Americans filed for unemployment benefits last week

https://www.foxbusiness.com/economy/jobless-claims-coronavirus-pandemic-july-18

The number of Americans seeking unemployment benefits rose for the first time in 16 weeks as fresh spikes in coronavirus cases undermined the country’s economic recovery.
Initial weekly jobless claims totaled more than 1.4 million for the week ending July 18, according to data from the Labor Department, bringing the total number of claims to more than 52 million since coronavirus-related lockdowns began in March and marking the 18th week in a row that initial claims topped 1 million.
Economists surveyed by Refinitiv expected 1.3 million new claims.


Shut down the economy they said....