That is lower than the previous weeks claim numbers that have been over a million per week…
But the claim’s are hundreds of thousands above the highest that occurred during the worst Recession….
Hundreds of thousands of Americans filed for unemployment insurance last week as coronavirus-driven layoffs persisted. But the figures weren’t as dire as experts expected.
New US weekly jobless claims totaled an unadjusted 881,000 for the week that ended Saturday, the Labor Department reported Thursday. That came in below the consensus economist estimate of 950,000 compiled by Bloomberg.
Continuing claims, which represent the aggregate total of people receiving unemployment benefits, came in at 13.3 million for the week that ended August 22, a decline from the prior period’s revised number.
In under six months, the more than 59 million unemployment claims filed during the coronavirus pandemic have far surpassed the 37 million during the 18-month Great Recession. The latest figure still exceeds the 665,000 filed during the Great Recession’s worst week….