The torrent of Americans filing for unemployment insurance skyrocketed last week as more than 6.6 million new claims were filed, the Labor Department reported Thursday. That brings to 10 million the total Americans who filed over the past two weeks.
Economy
Weekly jobless claims increase while continuing claims decrease
First-time filings for unemployment benefits totaled 742,000 last week vs. the Wall Street estimate of 710,000. Continuing claims fell by 429,000 to 6.37 million, a fresh pandemic-era low. The total of those receiving benefits declined MORE
Economy
4.4 million file for unemployment; five week total surges to 26.4 million
Weekly jobless claims totaled 4.4 million last week, slightly more than expected. The five-week total is now 26.4 million, more than all of the jobs added since the Great recession. The totals remain elevated as MORE
Economy
16th straight week of first-time unemployment filings totaling at least 1 million
***The filings do include the recent decision by a few governors and mayors to shutter their communities again to help curb the spread of the deadly Coronavirus. Those totals will appear next week. First-time applications MORE