803,000 file jobless claims, down from previous week
By Niv Elis - 12/23/20 09:20 AM EST
obless claims eased off their two-week rise in the week ending on Dec. 19, falling a seasonally adjusted 89,000 to 803,000, a 10 percent drop.
But the numbers remained high, even by the standards of recent months.
Prior to the pandemic, the largest weekly jobless claims increase on record was 692,000. After spiking above 6 million in April, claims slowly fell, dropping below 1 million in August.
By November, weekly claims remained in the 700,000 range, a still alarming level, but a sign that the economy had somewhat improved relative to the summer.
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https://thehill.com/policy/finance/531417-803000-file-jobless-claims-down-from-previous-week
