by Kyle Ziemnick
Posted 8/06/20, 02:15 pm
WASHINGTON—Thursday’s report from the U.S. Department of Labor showed almost 1.2 million people applied for unemployment benefits last week. Although that number represents a 15 percent drop from the week before and the lowest since the beginning of coronavirus-related lockdowns, it marks the 20th straight week more than a million Americans have applied for unemployment. During the Great Recession in the early 2000s, weekly jobless claims never topped 700,000.