The number of people applying for jobless benefits trended down in recent weeks, suggesting the pace of layoffs eased despite a resurgence in new coronavirus cases and the return of some economic restrictions.

Weekly claims for new unemployment benefits fell below 800,000 in October for the first time in seven months. While that level remains high by historic measures, it is down sharply from a peak of nearly seven million in late March, when states first introduced lockdowns in an effort to slow the spread of the virus. The…

This post first appeared on wsj.com

You May Also Like

Putin met Prigozhin days after mercenary leader led mutiny

Russian President Vladimir Putin met with the Wagner mercenary chief and his…

Twitter Tries Calming Employees as Deal With Elon Musk Looms

Mr. Musk, who is paying $54.20 a share for Twitter, has made…

Pair held in deaths of 2 Colorado kids found in suitcase and concrete

Two suspects were being held Monday in connection with the deaths of…

Why Trump’s claims of presidential immunity in the Capitol riot lawsuits are so dangerous

Former President Donald Trump’s lawyers are fond of claiming in court that…