Jobless claims: Another 1.416 million Americans filed new unemployment claims last week, as labor market recovery sputters
Posted on AllSides July 24th, 2020
From The Left
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:
