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- U.S. weekly jobless claims total 348,000
U.S. weekly jobless claims total 348,000
The
data from the Labor Department showed on Thursday the number of applications
for unemployment decreased more than expected last week, hitting a new
pandemic-era low.
This was the lowest reading since mid-March of 2020 when the COVID-19 pandemic struck.
Economists
had expected 363,000 new claims last week.
Claims for the prior week
were revised upwardly to 377,000 from the initial estimate of 375,000.
Meanwhile,
the four-week moving average of jobless claims dropped to 377,750 from an
upwardly revised 396,750 in the previous week.
As for continuing claims, they declined to 2,820,000
from an upwardly revised 2,899,000 in the previous week.
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