07/16/2021

Jobless Claims Reach 360,000 Last Week

This is a new pandemic-era low

Initial claims for unemployment insurance fell to a new pandemic-era low last week, the Labor Department reported Thursday.

First-time filings for benefits totaled 360,000, in line with Dow Jones estimates and the best number since March 14, 2020.

The total represented a substantial decrease from the previous week’s upwardly revised 386,000.

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