The number of Americans applying for unemployment benefits fell to 787,000 last week despite continued pressure on the labor market from the coronavirus pandemic, the feds said Thursday.
Last week’s seasonally adjusted initial jobless claims nevertheless brought the total filed during the COVID-19 crisis to more than 65.1 million — a number equivalent to nearly 41 percent of the nation’s total workforce.
The latest filings marked a surprise decrease from the prior week’s revised total of 842,000 and came in below economists’ expectations for 860,000 new claims, the US Department of Labor figures show.
Read more at NY Post.
{Matzav.com}
