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Businesses Are Closing, and Job Losses Are Mounting
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Vacant retail shops in Columbus, Ohio. The rate of jobless claims has been rising as coronavirus cases remain high across the country.Credit.Maddie McGarvey for The New York Times
Rising Covid-19 cases are taking a steep toll on economic activity, battering the labor market even as new vaccines offer a ray of hope for next year.
The number of Americans filing initial claims for unemployment insurance remained high last week, the Labor Department reported Thursday. After dropping earlier in the fall, claims have moved higher, and they remain at levels that dwarf the pace of past recessions. ....

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