Another 2.1 million file jobless claims, but total unemployed shrinks

First-time jobless claims totaled 2.1 million last week, slightly ahead of the 2.05 million Wall Street estimate.

Continuing claims plunged by nearly 4 million to just over 21 million, probably a clearer representation of the jobless level.

The high jobless numbers persist even as all states have reopened their economies to various extents.

Nearly 41 million jobless claims have now been filed since the coronavirus was declared a pandemic.