Initial claims for unemployment insurance fell for the third straight week to their lowest level since November, the Labor Department reported yesterday, signaling the economy could be heading toward more stable footing.
Initial claims for unemployment insurance fell to 847,000 for the week ending Jan. 23, the Labor Department reported yesterday, a reminder that numbers will continue to remain elevated until a comprehensive pandemic response takes hold.
Initial claims for unemployment insurance fell by 26,000 from the week before, the Labor Department reported yesterday, but remain elevated in the wake of economic instability resulting from the coronavirus pandemic.
Initial claims for unemployment benefits jumped for the second consecutive week, raising concerns about the sustainability of the current economy and raising alarms with unemployment benefits set to expire.
This week’s initial unemployment claims report from the Labor Department sounds an increasingly familiar theme: a slight drop from the previous week, tempered by the reality that claims remain highly elevated from pre-pandemic levels.