The U.S. economy is losing ground, as the number of Americans seeking unemployment benefits remains at 900-thousand for two consecutive weeks.
Though there was a slight decline from 92-thousand the week before, it still stands at a historically high level, pointing to ongoing job cuts in a raging pandemic.
The Labor Department said that 5.1 million Americans continue to receive state jobless benefits.
The faltering economy comes amid spiking virus cases, and the cold weather restricting spending.
President Joe Biden having inherited the difficulties, aims to provide additional 4-hundred dollar checks to Americans by September through a 1.9 trillion dollar coronavirus stimulus plan.