WRAPUP 1-New wave of U.S. layoffs feared as coronavirus pain deepens
May 28, 2020 at 00:00 AM EDT
Job cuts by U.S. state and local governments whose budgets have been crushed fighting the COVID-19 pandemic and more second-wave layoffs in the private sector likely contributed last week to a 10th straight week of more than 2 million Americans seeking unemployment benefits.