Summary List Placement

The number of Americans filing for unemployment insurance fell again last week as reopening spurred more hiring.

New jobless claims totaled an unadjusted 444,000 last week, the Labor Department announced Thursday morning. The median estimate from economists surveyed by Bloomberg was for a modest jump to 450,000 claims. The reading marked a third straight decline and placed claims at a new pandemic-era low.

The previous week’s reading was revised to 478,000 from 473,000.

Continuing claims, which track Americans receiving unemployment benefits, jumped to 3.75 million for the week that ended May 8. That’s above the median estimate of details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: BusinessInsider.Com