Weekly jobless claims


People line up at a food bank following the outbreak of coronavirus disease (COVID-19), New York, July 30, 2020.

Carlo Allegri | Reuters

The number of first-time filers for unemployment benefits were slightly higher than expected last week as the labor market continues its sluggish recovery from the coronavirus pandemic.

The Labor Department reported Thursday that initial jobless claims for the week ending Sept. 19 came in at 870,000. Economists polled by Dow Jones expected first-time claims to come in at 850,000, down slightly from the 860,000 claims reported for the previous week.

Continuing claims, which include those receiving unemployment benefits for at least two straight weeks, decreased by 167,000 to 12.58 million during the week ending Sept. 12. Continuing claims data is delayed by one week. 

This is breaking news. Please check back for updates.



Source link

Discover

Sponsor

Latest

Stimulus stall leaves ‘Main Street burning’: Stanford business prof

As talks in Washington, D.C. over a new round of financial and economic stimulus continue, Stanford Graduate School of Business lecturer and small...

IPO shares are up a surprising 60% this year with a number of big debuts expected ahead

A stock trader wearing a mask walks near social distancing signs the day a new IPO is launched at the New York Stock...

FCA CEO confirms electrified Ram pickup will be built

Ram will build an electrified pickup, FCA CEO Mike Manley confirmed during the company's third-quarter earnings call Wednesday. Manley provided no details, but...

FDA Chief Says Panel Must Review COVID Vaccine

Oct. 7, 2020 -- FDA Commissioner Stephen Hahn, MD,...