U.S. UNEMPLOYMENT CLAIMS RISE UP TO 870,000

Highlights

• According to the Labor Department report, total 870,000 people  have filed for jobless claims in the last week, which is more than 866,000 reported a week earlier

• The report also states that the number of workers returning back to their previous jobs or managing to find new one have gone up and this has resulted into decline in the jobless claims from 15 percent in April to 8.4 percent at prese....