U.S. weekly jobless claims grind lower but backlogs, layoffs linger

WASHINGTON (Reuters) - The number of Americans claiming unemployment benefits rose again last week as backlogs in processing claims continue to be cleared and disruptions from the novel coronavirus unleash a second wave of layoffs, pointing to another month of staggering job losses in May.The Labor Department's weekly jobless claims report, the most timely data on the economy's health, showed a surge to a record high in the number of people on unemployment rolls, suggested that businesses were..