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Another 793,000 Americans filed new unemployment claims last week


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Another 793,000 Americans filed new unemployment claims last week

New weekly unemployment claims pulled back slightly but held at elevated levels last week, and the prior week’s new claims were upwardly revised as the coronavirus pandemic exerted more pressure on the labor market.

The Department of Labor released its weekly report on new jobless claims Thursday morning at 8:30 a.m. ET. Here were the main results from the report, compared to consensus estimates compiled by Bloomberg:

    Initial jobless claims, week ended Feb. 6: 793,000 vs. 760,000 expected and a revised 812,000 during the prior week

    Continuing claims, week ended Jan. 30: 4.545 million vs. 4.420 million expected and a revised 4.690 million during the prior week

New weekly jobless claims fell relative to the prior week’s level, which was upwardly revised to 812,000 from the 779,000 previously reported. This brought new claims for the week ended February 6 to the lowest level in five weeks. And despite last week’s upward revision, the four-week moving average for new claims fell by 33,500 to 823,000.

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So far Joe Biden only has policies that are cutting jobs, from stopping pipelines, raising the minimum wage, stopping energy leases, and many more. Now we get another unemployment report showing more millions have been laid off thanks to him.

PS The stimulus plan he proposes does nothing to create jobs, it's only a free money giveaway to his friends and the rich.

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2 minutes ago, NipkowDisc said:

yeah....liberal rich 1%ers like Hollywood celeb scum.

Sure.  Them and many of Donny's closest friends and contributors.  ;)  

Sepiatone

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