U.S. layoffs remain elevated as weak demand persists after businesses reopened
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WASHINGTON (Reuters) - Weak demand is forcing U.S. employers to lay off workers, keeping new applications for unemployment benefits extraordinarily high, even as businesses have reopened, buttressing views the labor market could take years to recover from the COVID-19 pandemic.A resurgence in confirmed coronavirus cases across the country, linked to the reopening of businesses, is also dimming the outlook. Roughly 29 million people were collecting unemployment checks at the end of May. The Labor..