Initial jobless claims drop to 1.9 million

Initial unemployment claims for the last week of May fell to 1.9 million, extending one of the worst unemployment crises in the nation’s history.

The figure, while staggering, represented a continued downward trend in weekly claims from an April peak of 6.9 million, giving some economists hope that the worst part of the coronavirus-sparked crisis is in the rearview mirror.

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