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US weekly jobless claims rise to 719,000 as hiring recovery falters

unemployment jobless claims

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More Americans filed for unemployment benefits last week as the labor-market rebound hit snags.

New jobless claims reached an unadjusted 719,000 for the week that ended Saturday, the Labor Department announced Thursday. That comes in above the median estimate of 678,000 from economists surveyed by Bloomberg. The Thursday reading also marks the second jump in three weeks.

The previous week’s reading was revised lower to 658,000. That report came exactly one year after claims first shot higher at the start of the US coronavirus outbreak. That report marked the first time initial claims landed below 700,000 since details ⇒

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