U.S. Unemployment Claims Fell Last Week After Recent Rise
Posted on AllSides December 3rd, 2020
From The Center
Weekly initial claims fell by 75,000 after two consecutive increases as economy continues to recover from spring coronavirus shutdowns
New applications for unemployment benefits fell last week after a recent jump, an indication that layoffs are easing but remain high as the labor market continues to recover from the effects of the coronavirus pandemic and related restrictions.
Weekly initial claims for jobless benefits, a proxy for layoffs, fell by 75,000 to a seasonally adjusted 712,000 in the week ended Nov. 28, the Labor Department said Thursday. That follows two consecutive...
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