Weekly jobless claims better than expected in another sign of healing for employment

Posted on AllSides November 4th, 2021
From The Center
Source: Dept. of Labor/CNBC

The U.S. unemployment picture improved again last week, with initial filings for unemployment insurance falling to another pandemic-era low.

First-time claims dropped to 269,000 for the week ended Oct. 30, down 14,000 from the previous period and better than the Dow Jones estimate for 275,000, the Labor Department reported Thursday.

The decline in filings comes amid a rollback in special programs initiated during the crisis, with the total of those receiving benefits under all programs dropping another 157,731 to 2.67 million.

As the jobs picture clears up, the four-week moving...

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