EconomyStockInitial Jobless Claims Come in at Higher Than Expected 870,000

1 year ago1414 min
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imageEconomic Indicators4 hours ago (Sep 24, 2020 08:33AM ET)
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(C) Reuters

By Noreen Burke

Investing.com — The number of Americans applying for initial unemployment benefits came in at a larger-than-forecast 870,000 last week, signaling that the recovery in the labor market is losing momentum as the coronavirus pandemic lingers and layoffs continue apace.

Economists had forecast a decline to 840,000. The prior week’s figure was revised up to 866,000 from an initially reported 860,000.

The number of continuing claims, which are reported with a one-week lag to initial claims, increased to 12.580 million. The previous week’s figure was also revised higher to 12.747 million.

Initial Jobless Claims Come in at Higher Than Expected 870,000

U.S. labor market slowing as fiscal stimulus fades

U.S. labor market slowing as fiscal stimulus fades
By Reuters – Sep 24, 2020

By Lucia Mutikani WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits unexpectedly increased last week, supporting views the economic…

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