U.S. Jobless Claims Drop Much Less Than Expected To 1.508 Million
18 Junio 2020 - 4:59AM
RTTF2
A report released by the Labor Department on Thursday showed a
continued decrease in first-time claims for U.S. unemployment
benefits in the week ended June 13th, although claims fell by much
less than expected.
The Labor Department said initial jobless claims dropped to
1.508 million, a decrease of 58,000 from the previous week's
upwardly revised level of 1.566 million.
Economists had expected jobless claims to tumble to 1.300
million from the 1.542 million originally reported for the previous
week.
Jobless claims fell by much less than anticipated but still
pulled back further off the record high of 6.867 million set in the
week ended March 28th.
Noting the latest weekly decrease reflects the smallest decline
since claims began retreating from their late March peak,
economists at Oxford Economics said, "The latest jobless claims
data reminds us that significant stress remains in the labor
market."
The report said the less volatile four-week moving average slid
to 1,773,500, a decrease of 234,500 from the previous week's
revised average of 2,008,000.
Continuing claims, a reading on the number of people receiving
ongoing unemployment assistance, also dropped by 62,000 to 20.544
million in the week ended June 6th.
The four week moving average of continuing claims tumbled to
20,814,750, a decrease of 1,092,000 from the previous week's
revised average of 21,906,750.
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