Author: Jessica Menton, USA TODAY

Fifty-seven percent of unemployment applications have been paid, according to the Century Foundation.

Stocks notched their third weekly gain in the past four on Friday, as upbeat news about a potential coronavirus treatment helped mitigate fears about another spike in outbreaks.

Stocks slumped Thursday as concerns about another surge in coronavirus cases outweighed optimism over a declining trend in layoffs.

Stocks rose Wednesday following a selloff a day earlier, as investors weighed the prospects of an economic recovery after the U.S. posted a record daily spike in cases.

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Stocks fell Tuesday, breaking a five-session streak of gains as investors weighed the prospects of a recovery with spreading coronavirus outbreaks.

U.S. stocks advanced Monday as investors shook off worries about rising coronavirus infections and focused on hopes for an economic recovery.

The number of Americans who are seeking unemployment benefits remains high as the U.S. halts reopening the economy amid the coronavirus pandemic.

Monthly job gains in May and June are historic, but the labor market is still facing a net loss of 14.7M job losses from the coronavirus recession.

U.S. stocks markets are closed Friday in observance of Independence Day.