Published By: PM NEWS Editor
19th August, 2021
The number of Americans newly seeking jobless claims fell for the fourth week, data released by the Labor department showed.
Initial filings for unemployment benefits, fell by 29,000 to 348,000 last week, as against the 377,000 recorded in the previous week.
Economists surveyed by Dow Jones expected to see weekly new claims fall to 365,000.
It was the fourth straight week the figure has declined.
Weekly new claims have fallen substantially from the 2020 peak of about 6.1 million new claims in a single week.
Since the beginning of June, the number of weekly new claims has vacillated in a range between 368,000 and 424,000.
More than 2.8 million Americans remained on traditional state unemployment benefits, the date showed.
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