ET Businesses Are Closing, and Job Losses Are Mounting: Live Updates RIGHT NOW Coinbase, a top cryptocurrency company, files for initial public offering. New unemployment claims remain far above historical levels. The number of Americans filing initial claims for unemployment insurance remained high last week, the Labor Department reported Thursday. “Businesses are closing, and as a result, we are seeing job losses mount — and that’s exactly what we were fearful of going into the winter,” said Rubeela Farooqi, chief U.S. economist at High Frequency Economics. Claims for state unemployment insurance illustrated this on Thursday, with 935,000 filing new claims last week, the Labor Department said.

Source: New York Times December 17, 2020 12:19 UTC