U.S weekly jobless claims total hits new pandemic-era low of 364,000


Initial filings for unemployment insurance fell sharply last week, indicating continued improvement in the U.S. jobs market, the Labor Department reported Thursday.

First-time jobless claims totaled 364,000 for the week ended June 26, compared with the 390,000 Dow Jones estimate. That marked a new pandemic-era low and a decline of 51,000 from the previous week.

The last time there were fewer claims was the week of March 14, 2020, just before the worst of the economic damage hit.

The report comes a day before the government releases its much-anticipated nonfarm payrolls count for June. That is expected to show a gain of 706,000 against May’s 559,000, and a decrease in the unemployment rate…


0 0 votes
Article Rating

Michael Burry reportedly says meme stocks are set to crash

Previous article

Robinhood says it cannot assure investors a meme mania won’t hit it again

Next article

You may also like

Notify of
Inline Feedbacks
View all comments

More in Economy