U.S. Initial Unemployment Claims Edge Down in Latest Week; Number of workers receiving continuing unemployment benefits at lowest level since mid-April. Why Another Coronavirus Stimulus Package May Be Tough to Craft: “Congress is eager to pass the next phase of coronavirus stimulus legislation, but the bipartisan spirit that was present months ago may be frayed as both parties weigh their differences. Initial unemployment claims edged down to 1.3 million in the latest week and workers receiving benefits eased slightly to 18.1 million, signs the labor market continues to heal. The number of new applications for jobless benefits fell by a seasonally adjusted 99,000 for the week ended July 4, the Labor Department reported Thursday. That extends a trend of gradual declines from a peak of 6.9 million in mid-March, when the coronavirus pandemic and mandated business closures shut down swaths of the U.S. economy.” via The Wall Street Journal