“Jobless claims: Another 742,000 Americans filed new unemployment claims last week”
November 19, 2020
“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.”