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U.S. Initial Jobless Claims Post Smallest Decline Since March


Thursday, 16 July 2020 19:51 WIB

Ekonomi ASJobless ClaimUS Jobless Claims


Applications for U.S. unemployment benefits posted the smallest weekly decline since March after coronavirus cases surged and reopenings paused or reversed across the South and West.

Initial jobless claims in regular state programs totaled 1.3 million in the week ended July 11, down 10,000 from the prior period, Labor Department figures showed Thursday. Economists surveyed by Bloomberg News had forecast a larger drop, to 1.25 million initial claims.

Continuing claims -- the total number of Americans claiming ongoing unemployment benefits in state programs -- decreased to 17.3 million in the week ended July 4, compared with a median projection for a decline to 17.5 million.

Source : Bloomberg


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