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The number of Americans filing for unemployment insurance sank last week as Republican-led states prematurely ended the federal government’s boost to benefits.
Jobless claims reached an unadjusted 364,000 last week, the Labor Department announced Thursday morning. Economists surveyed by Bloomberg held a median estimate of 388,000 claims. The print marks a second straight weekly decline and a new pandemic-era low.
The prior week’s count was revised to 415,000 from 411,000.
Continuing claims, which count Americans receiving unemployment payments, gained to 3.47 million for the week that ended June 19. The median estimate was for claims to fall to 3.33 details ⇒
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