Jobless Claims Rise Again, Showing Continued Economic Damage From COVID-19
Jobless claims for last week, ended July 11, came out to 1.3 million. This outpaced estimates of 1.25 million and shows continuing damage from the COVID-19 outbreak and subsequent economic disruption. The United States continues to see COVID-19 cases rise, which has put further doubt on the strength of the economic reopening.
As more state and federal authorities attempt to limit the spread of the virus, continued pressure is being applied to some specific industries. Pennsylvania for example, implemented rules Thursday governing the sale of alcohol in bars and restaurants. The move puts limits on restaurant capacity and put a block on alcohol sales that aren't ordered with food. The exception is alcohol ordered to go. This is one example of an industry that will be hard pressed to maintain full staff during the current climate.
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Source Fool.com
