Weekly Jobless Claims Fall Below 1 Million for First Time in Pandemic

Posted on AllSides August 13th, 2020
From The Right

The number of Americans seeking unemployment benefits dropped below one million last week for the first time since the start of the COVID-19 pandemic in the United States, likely as the expiration of a $600 weekly jobless supplement discouraged some from filing claims.

Initial claims for state unemployment benefits totaled a seasonally adjusted 963,000 for the week ended Aug. 8, compared to 1.191 million in the prior week, the Labor Department said on Thursday. That was the lowest level since mid-March when authorities started shutting down non-essential business to slow...

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https://www.newsmax.com/economy/jobless-claims-labor-market/2020/08/13/id/981945/

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