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I am the second

A full year of staggering and unprecedented job losses

Data: U.S. Department of Labor; Chart: Andrew Witherspoon/Axios

This week's initial jobless claims report marked a sobering milestone — it was the 52nd straight week that more than 1 million Americans filed for unemployment assistance.

Why it matters: The applications for traditional or pandemic-based unemployment benefits continue despite more than $5 trillion in dedicated government spending and $3 trillion added to the Federal Reserve's balance sheet.

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