Yahoo! Finance
The ranks of jobless Americans grew yet again last week, with 860,000 first-time unemployment benefits filed last week, rising slightly from the prior week’s level and reaffirming expectations of a decelerating U.S. recovery. Initial jobless claims, week ended Sept. 12: 860,000 vs 850,000 expected, and 884,000 during the prior week. Continuing claims, week ended Sept. 5: 12.628 million vs 13 million expected, and 13.385 million during the prior week… Meanwhile, economists are growing increasingly fearful that Washington’s failure to forge consensus on a new coronavirus stimulus package — which also includes additional unemployment benefits — is a threat to a nascent rebound that has defied many of the worst predictions.