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A woman walks past a boutique with a sale sign, Thursday, June 4, 2020, in Cleveland Heights, Ohio. The state says more than 34,000 Ohioans filed unemployment claims during the last week of May. That is the lowest figure since Ohios stay-at-home orders depressed the economy and led to widespread layoffs. (AP Photo/Tony Dejak)

US unemployment rate seen near 20% in May as layoffs remain high

Consumer confidence, manufacturing and services industries are also stabilizing, though at low levels, hopeful signs...

5 Jun 2020 12:03 PM IST

More than 4.4 million laid-off Americans applied for unemployment benefits last week, the government reported. AFP Photo

Due to virus pandemic, unemployment rates in the US highest since...

In response to the deepening economic crisis, the House passed a nearly USD 500 billion spending package to help buckled...

24 April 2020 3:57 PM IST