- Analytics
- News and Tools
- Market News
- U.S. weekly jobless claims total 963,000
U.S. weekly jobless claims total 963,000
The data from
the Labor Department revealed on Thursday the number of applications for
unemployment fell below 1 million for the first time since March 21 last week,
signaling that the U.S. labor market is continuing its recovery from the
coronavirus pandemic.
According to
the report, the initial claims for unemployment benefits totaled 963,000 for
the week ended August 8. That brought the number of job losses over the past twenty-one
weeks (since the U.S. went into coronavirus lockdown in mid-March) to near 56.3
million.
Economists had
expected 1,120,000 new claims last week.
Claims for the
prior week were revised upwardly to 1,191,000 from the initial estimate of 1,186,000.
Meanwhile, the
four-week moving average of claims fell to 1,252,750 from an upwardly revised
1,339,000 in the previous week.
Continuing
claims decreased to 15,486,000 million from a downwardly revised 16,090,000 in
the previous week.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
