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        <title><![CDATA[US workers file over 1 million jobless claims for 20th straight week]]></title>
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            <media:title type="html">US workers file over 1 million jobless claims for 20th straight week</media:title>
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        <content:encoded><![CDATA[<p>The number of Americans applying for unemployment benefits topped 1 million for the twentieth straight week &#8212; bringing the total number of initial jobless claims filed during the coronavirus pandemic to more than 55 million.</p><p>An additional 1.186 million people filed for unemployment last week, according to the US Department of Labor. The unemployment rate is forecast to increase slightly to 10.5% in July, from 11.1% in June, according to Reuters.</p><p>Jobless claims were down 249,000 from the week prior, but at a total of<span >&nbsp;55.3 million, the number of Americans who have filed for unemployment claims during the course of the pandemic is greater than the populations of New York and Texas combined — and has long since surpassed the 37 million jobs lost over the 18 months during the Great Recession.</span></p><p>Continuing claims, which measure sustained joblessness on a one-week lag, was down to about 16 million in the week ending July 25, the US Department of Labor said.</p><p>The numbers arrive a week after the US economy suffered its worst blow since the Great Depression, with the Commerce Department reporting that the nation&#8217;s gross domestic product — the value of all goods and services produced here — shrunk 9.5 percent from the first quarter.</p><p>The plunge is unmatched in <strong>historical data</strong>&nbsp;from the National Bureau of Economic Research going back to 1875.</p><p>The most recent period that came anywhere close was a roughly 7.2 percent contraction in the last quarter of 1937, in the late stages of the Great Depression.</p>]]></content:encoded>
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