Applications for unemployment insurance are expected to have declined last week for the eighth straight decrease, but the number of workers seeking assistance remains about 10 times higher than before coronavirus-related lockdowns began in March.

Many economists see the pace of layoffs slowing, with all states taking some steps to let businesses reopen and citizens to move more freely. But they also expect a labor-market recovery to take many months, if not years, to replace the tens of millions of jobs lost since February.

Read More