Jobless claims fall by 12,000 to 375K
By Sylvan Lane - 08/12/21 09:03 AM EDT
New applications for jobless benefits fell during the first week of August by 12,000 to a total of 375,000, according to data released Thursday by the Labor Department.
In the week ending Aug. 7, initial claims for unemployment insurance fell from the previous week’s revised total of 387,000. The four-week average of claims ticked higher by 1,750 to 396,250 after an unusually high jump in mid-July.
Another 104,572 Americans applied for Pandemic Unemployment Assistance (PUA), an increase of 10,145 from the last week of July, driven primarily by a 4,100-claim increase in California and a 6,000-claim increase in Michigan. Several states have reported sharp one-time increases or decreases in claims throughout the pandemic, largely due to filing and processing issues or fraud.
more
https://thehill.com/policy/finance/567516-jobless-claims-fall-by-12000-to-375k
