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Another 3.8 million Americans filed for unemployment last week

3.8 million people filed for unemployment last week, the Labor Department announced Thursday.

Why it matters: While the pace of unemployment filings has slowed since its peak in late March, the number of workers who have lost their jobs in recent weeks — as efforts to contain the coronavirus pandemic slammed the labor market — tops 30 million.

Between the lines: State labor departments have been overwhelmed by the rush of people seeking unemployment benefits. Continue reading.

Data and Research Manager: