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Economy

“Jobless claims: Another 742,000 Americans filed new unemployment claims last week”

“The Department of Labor released its weekly report on new jobless claims Thursday morning at 8:30 a.m. ET. Here were the main results from the report, compared to consensus estimates compiled by Bloomberg:

  • Initial jobless claims, week ended Nov. 14: 742,000 vs. 700,000 expected and a revised 711,000 during prior week
  • Continuing claims, week ended Nov. 7: 6.372 million vs. 6.4 million expected and a revised 6.801 million during prior week

New unemployment claims held below the 1 million mark for a twelfth straight week. New claims also rose for the first time in five weeks, however, though they have moved steadily lower from a pandemic-era peak of nearly 7 million.”

https://finance.yahoo.com/news/initial-jobless-claims-week-ended-nov-14-2020-coronavirus-pandemic-194055455.html

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