Economy

Weekly jobless claims hold around pandemic-era low; GDP revised higher to 6.6%

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Initial claims for unemployment insurance were little changed over the past week, hovering around coronavirus pandemic-era lows as the jobs market shows further signs of healing.

First-time filings totaled 353,000 for the week ended Aug. 21, a slight increase from the previous week’s 349,000, the Labor Department reported Thursday. That was slightly worse than the 350,000 Dow Jones estimate.

A separate economic reading showed that gross domestic product increased at a 6.6% annualized pace in the second quarter, according to the second estimate Thursday from the Commerce Department. That was ahead of the 6.5% initial estimate but a notch below the 6.7% Dow Jones forecast.

Taken together, the…



Source cnbc.com

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