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US weekly jobless claims decline moderately as Covid tears through nation

WASHINGTON (Reuters) - The number of Americans filing new applications for unemployment benefits decreased modestly last week as the COVID-19 pandemic tears through the nation, raising the risk of a second straight month of job losses. Initial claims for state unemployment benefits totaled a seasonally adjusted 900,000 for the week ended Jan. 16, compared to 926,000 in the prior week, the Labor Department said on Thursday. Economists polled by Reuters had forecast 910,000 applications in the latest week. Out of control coronavirus infections are disrupting operations at businesses like restaurants, gyms and other establishments where crowds tend to gather, reducing hours for many workers and pushing others out of employment.

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