Another 751,000 people filed new unemployment claims last week, according to Labor Department data released early Thursday–only 7,000 claims less than the week before–as the recovery in the jobs market stagnates in the absence of new federal coronavirus relief legislation. TangentAirbnb could be releasing its prospectus next week, Reuters reported early Thursday, citing two people familiar with the matter. The firm’s still eyeing December to go public despite the headwinds it’s faced during the coronavirus pandemic. “The recovery remains highly uncertain and highly uneven—with certain sectors and groups experiencing substantial hardship. Senate Majority Leader Mitch McConnell (R-Ky.) changed his tune on stimulus early Wednesday, saying Congress should pass another bill by year’s end.

Source: Forbes November 05, 2020 14:45 UTC