Jobless Claims Hit New Pandemic Low As Number Of Americans Receiving Unemployment Benefits Falls To 2.6 Million

Topline New jobless claims fell to their lowest level during the pandemic last week, adding to a slew of promising developments for the long-struggling labor market, which is staging an encouraging comeback as the recent wave of Covid-19 infections eases. Economists were expecting about 260,000 new jobless claims last week. Getty Images Key Facts About…

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Economy added 943,000 jobs last month, vs. estimate for 850,000

The economy added 943,000 jobs in July, the Bureau of Labor Statistics said Friday, compared to analysts’ expectations of 850,000 positions added. It’s the biggest monthly gain since August 2020.The unemployment rate fell sharply to 5.4 percent from 5.9 percent, though 8.7 million Americans remain out of work.While likely to provide a shot of confidence…

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U.S. jobless claims dropping faster in states ending federal benefit

A sign advertising job openings is seen outside of a Starbucks in Manhattan, New York City, New York, U.S., May 26, 2021. REUTERS/Andrew KellyWASHINGTON, June 24 (Reuters) – Ongoing claims for U.S. unemployment insurance have dipped faster in recent weeks in states ending federal benefits this summer than in states keeping the $300 weekly supplement…

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