“Jobless claims: Initial filings broke below 400,000 for the first time since March 2020”
June 3, 2021
“…The Department of Labor released its weekly report on new jobless claims Thursday at 8:30 a.m. ET. Here were the main metrics from the report, compared to consensus data compiled by Bloomberg:
- Initial jobless claims, week ended May 29: 385,000 vs. 387,000 expected and a downwardly revised 405,000 last week
- Continuing claims, week ended May 22: 3.771 million vs. 3.614 million expected and a downwardly revised 3.602 million last week
New jobless claims fell below 400,000 for the first time since the start of the pandemic in the U.S., bringing new filings within striking distance of their pre-pandemic weekly rate. New claims were averaging just over 200,000 per week throughout 2019… “
https://finance.yahoo.com/news/weekly-jobless-claims-week-ended-may-29-2021-183006441.html