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Demand for jobless in the US aid high, even as economy slowly picks up


“The risk of a dip lower in the economy has increased as more states adopt policies to combat the virus spread,” economists at Bank of America said in research note.

Unemployment remains painfully high in the US even as economic activity slowly picks up. That reality will be on display Thursday morning when the US government releases data on how many workers sought unemployment benefits last week, as well as how retailers did in June.

Both reports will be closely watched as new confirmed cases of coronavirus rise in 40 states, including huge spikes in California, Texas and Florida. Surging ...


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