Source: CNBC
First-time claims for unemployment benefits totaled 2.1 million last week, the lowest total since the coronavirus crisis began though indicative that a historically high number of Americans remain separated from their jobs.
The total represented a decrease of 323,000 from the previous week’s upwardly revised 2.438 million.
The insured unemployment rate, which is a basic calculation of those collecting benefits vs. the total labor force, came down sharply to 14.5% from 17.1% the previous week.
Full Story @ CNBC