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Weekly Jobless Claims Dip Below Expectations

Weekly Jobless Claims Dip Below Expectations

The number of jobless claims filed last week are dropping well below expectations. 

About 712-thousand Americans filed first-time unemployment claims last week.  Analysts were expecting the claims to reach about 780-thousand.  About five-and-a-half-million Americans continue to make unemployment claims. 

Earlier this week a government watchdog reported the Department of Labor was undercounting the number of people receiving unemployment benefits.  It also said they were underpaying them from a special program Congress authorized to address the economic fallout from the pandemic.

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