Weekly jobless claims rise, continuous claims drop
Weekly jobless claims jump back above 1 million
Quote:
The Labor Department said initial jobless claims for the week ending Aug. 15 came in at 1.106 million.
Economists polled by Dow Jones expected a total of 923,000.
weekly jobless claims jump back above 1 million weekly jobless claims jump back above 1 million “The modest jump is a stark reminder that claims will likely encounter some turbulence as they fall rather than gliding in for a soft landing,” said Daniel Zhao, senior economist at Glass door.
Continuing claims, which refer to those receiving unemployment benefits for at least two straight weeks, declined by 636,000 to 14.844 million
https://www.cnbc.com/2020/08/20/week...ss-claims.html
