U.S. weekly jobless claims remained stubbornly high at total 1.48 million

Jobless claims totaled 1.48 million last week as unemployment related to the coronavirus pandemic remained stubbornly high.

Economists surveyed by Dow Jones had been expecting 1.35 million claims.

The most recent number marked the 14th straight week that filings remained above 1 million, a total first eclipsed for the week ended March 21. That was shortly after the World Health Organization declared the pandemic and much of the U.S. economy went into lockdown.

Claims had never been above a million prior to that. The coronavirus-era record is just shy of 6.9 million, hit in late March.

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