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  • Writer's pictureD. Brit

751,000 More Americans Filed for Unemployment Benefits Last Week

What Happened:

  • According to a report released by the Labor Department on Thursday, an additional 751,000 Americans claimed first-time jobless benefits last week.

  • Although that is down from the previous week of new claims, it is a little higher than economists had expected.

  • Continued jobless claims stood at 7.3 million, down by around half a million from the previous week. While still substantial, this is a slower decline than previous weeks leading analysts to be concerned whether the job market recovery is slowing down.

  • The new jobs report comes out on Friday and analysts expect that 600,000 jobs will have been added in October.

Photo Source: Pixabay

#newspura #justfactsnoopinions #unemployment #jobsreport #joblessbenefits #economy #covid19 #recovery

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