News In 5 Minutes

News When You Want It

New Unemployment Claims Increase to 870,000, Exceed Expectations


By Thomas Catenacci

http://dailycaller.com/

The number of Americans filing new unemployment claims increased to 870,000 last week as the economy continues to suffer the effects of the ongoing coronavirus pandemic, according to the Department of Labor.

The Department of Labor figures released Thursday represented a slight increase of new jobless claims compared to the week ending on Sept. 12, in which there were 860,000 new jobless claims reported and the

Economists surveyed by Dow Jones expected Thursday’s jobless claims number to come in around 850,000, CNBC reported. New jobless claims fell below 1 million in the first week of August, marking the first time the weekly claims were below 1 million since March.

Content created by The Daily Caller News Foundation is available without charge to any eligible news publisher that can provide a large audience. For licensing opportunities of our original content, please contact licensing@dailycallernewsfoundation.org

New Unemployment Claims Increase to 870,000, Exceed Expectations is original content from Conservative Daily News – Where Americans go for news, current events and commentary they can trust – Conservative News Website for U.S. News, Political Cartoons and more.



Source link