Another 1 million American workers filed for first-time unemployment benefits last week on a seasonally adjusted basis, the Labor Department reported Thursday.
The report met economists’ expectations, but it’s still a disappointment: So far, we’ve only seen one week — at the start of August — with fewer than a million claims since March, when the pandemic started to take its toll on America’s job market.
Continued jobless claims, which count people filing at least two weeks in a row, stood at 14.5 million.
These estimates do not include claims under the government’s pandemic aid programs, which are in part designed to help those who cannot otherwise access regular unemployment benefits.
Source : CNN