Author Topic: Jobless claims drop to 712,000, near pandemic low  (Read 206 times)

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Jobless claims drop to 712,000, near pandemic low
« on: March 11, 2021, 02:17:06 pm »
Jobless claims drop to 712,000, near pandemic low
By Niv Elis - 03/11/21 08:39 AM EST


Initial jobless claims for the first week of March dropped to a seasonally adjusted 712,000, just 1,000 more than the pandemic low in November.

The figure remains extraordinarily high, as it has now stood above pre-pandemic weekly totals for every week for nearly a year.

But the 42,000-claim drop represents a move in the right direction for the economy and beat Wall Street's expectations of 725,000 new claims.


That figure does not include 478,000 people who applied for claims under Pandemic Unemployment Assistance, an emergency program set to be renewed when President Biden signs the $1.9 trillion COVID-19 relief bill the House approved Wednesday.

The combined total of new claims amounts to 1.2 million. 

more
https://thehill.com/policy/finance/542690-jobless-claims-drop-to-712000-near-pandemic-low
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Re: Jobless claims drop to 712,000, near pandemic low
« Reply #1 on: March 11, 2021, 03:05:34 pm »
Jobless claims drop to 712,000, near pandemic low
By Niv Elis - 03/11/21 08:39 AM EST


Initial jobless claims for the first week of March dropped to a seasonally adjusted 712,000, just 1,000 more than the pandemic low in November.

The figure remains extraordinarily high, as it has now stood above pre-pandemic weekly totals for every week for nearly a year.

But the 42,000-claim drop represents a move in the right direction for the economy and beat Wall Street's expectations of 725,000 new claims.


That figure does not include 478,000 people who applied for claims under Pandemic Unemployment Assistance, an emergency program set to be renewed when President Biden signs the $1.9 trillion COVID-19 relief bill the House approved Wednesday.

The combined total of new claims amounts to 1.2 million. 

more
https://thehill.com/policy/finance/542690-jobless-claims-drop-to-712000-near-pandemic-low
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