New jobless claims fall to lowest level since March – Washington Examiner

 | August 06, 2020 08:31 AM The number of new applications for unemployment benefits last week was 1.2 million, the Labor Department reported Thursday, marking the 20th straight week that claims have been over 1 million. It is also the lowest number of new claims since the pandemic exploded in the United States in March.…

New jobless claims fall to lowest level since March – Washington Examiner

 | August 06, 2020 08:31 AM

The number of new applications for unemployment benefits last week was 1.2 million, the Labor Department reported Thursday, marking the 20th straight week that claims have been over 1 million. It is also the lowest number of new claims since the pandemic exploded in the United States in March.
Economists predicted that new claims would be 1.42 million.
The weekly totals for workers claiming jobless benefits have been extremely high since the pandemic hit the U.S. By comparison, weekly jobless claims pre-coronavirus were in the 200,000 range for the entire country. Now, California alone had more than 244,000 initial claims for the week ending July 25.
The persistently high number of claims suggests the jobs recovery is moving at a slow pace.
After joble
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