Steady Number of Unemployment Claims Points to Slowing Jobs Recovery – USA DAILY NEWS

Steady Number of Unemployment Claims Points to Slowing Jobs Recovery

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The number of people applying for jobless aid is expected to have held at a historically high level last week, as layoffs remain elevated despite signs of a broader labor-market recovery.

Weekly initial claims for jobless benefits through regular state programs have stabilized just below 900,000 in recent weeks. That is well down from the 6.9 million weekly claims filed in late March but remained above the highest level before this year in records going back to the 1960s. Similarly, the number of workers receiving unemployment…