Day: December 3, 2020

U.S. weekly jobless claims fall, still at very high levels

The number of Americans filing first-time claims for jobless benefits fell last week, but remained extraordinarily high amid widespread business restrictions to slow a rising tide of new COVID-19 infections and lack of additional fiscal stimulus. Initial claims for state unemployment benefits totaled a seasonally adjusted 712,000 for the week ended Nov. 28, compared with …

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Euro zone economy to gain momentum in 2021 on vaccine hopes

The euro zone economy will contract again this quarter as renewed lockdown measures stifle activity, according to a Reuters poll which showed the bloc’s GDP would then return to pre-crisis levels within two years. Hopes for a coronavirus vaccine and additional support from the European Central Bank this month meant quarterly growth forecasts for next …

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