Jobless claims: Another 1.416 million Americans filed new unemployment claims last week, as labor market recovery sputters

The level of new jobless claims unexpectedly rose last week, signaling a weakening trend in the labor market as states across the US grapple with a resurgence in coronavirus cases. Another 1.416 million Americans filed for first-time unemployment insurance benefits, up from just over 1.3 million the prior week, to mark the first increase in new claims on a week over week basis since March.

Here were the main results from the report, compared to consensus estimates compiled by Bloomberg: