The number of Americans seeking unemployment benefits rose last week by the most in two months, to 898,000, a historically high number and evidence that layoffs remain a hindrance to the economy’s recovery from the pandemic recession. Thursday’s report from the Labor Department coincides with other recent data that have signaled a slowdown in hiring. The economy is still roughly 10.7 million jobs short of recovering all the 22 million jobs that were lost when the pandemic struck in early spring. Confirmed coronavirus cases have been rising again nationwide in the past month, likely causing more Americans to hold back from eating out, shopping and engaging in other commerce. Cases have spiked in Wisconsin, for example, prompting renewed restrictions on business in Milwaukee and Madison. Across the country, applications for unemployment aid are rising while negotiations over a new stimulus package between House Speaker Nancy Pelosi […]

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