In the US, another 2.4m people applied for unemployment benefits last week.
This means that 38.6m Americans have made first-time applications for state assistance over the last nine weeks, when the effects of the coronavirus pandemic began to be felt.
The rise was in line with estimates – but still bodes ill for May unemployment figures.
A man walks past closed business in New York, yesterday. Latest statistics reveal 39 million people have applied for unemployment benefits in the last two months in the US
These will almost certainly rise from the 14.7 per cent jobless rate registered in April.
The news knocked US bourses into the red, with the Dow Jones Industrial Average, S&P 500 and Nasdaq falling between 0.6 per cent and 1 per cent.
Source: Thisismoney
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