WASHINGTON: The US government is set to issue its latest report Thursday on the layoffs that have left millions unemployed but that have markedly slowed as many businesses have partially reopened and rehired some laid-off workers.
The pace of job cuts has declined in the nearly three months since the coronavirus struck hard, forcing business closures and sending the economy into recession.
The dwindling pace of jobless claims suggests that the devastation in the job market has bottomed out. Still, by histori