New jobless claims at 364,000, less than predicted
by Zachary Halaschak, Economics Reporter |
| July 01, 2021 08:34 AM
The number of new applications for unemployment benefits fell 51,000 last week to 364,000, the Labor Department reported on Thursday.
Thursday’s jobless claims number was less than forecasters’ expectations of 390,000 new claims. The number is lower than the week before, which had 415,000 new filings.
The new numbers come one day before the highly anticipated June jobs report, which will be a key indicator of how the economy is recovering under the Biden administration. While U.S. gross domestic product has been on the rise, employment numbers have consistently fallen short of expectations, prompting fears of a labor shortage.
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