Weekly jobless claims post sharp drop to 310,000, another new pandemic low
PUBLISHED THU, SEP 9 2021 8:31 AM EDT UPDATED 1 MIN AGO Jeff Cox
FTA
Weekly jobless claims totaled 310,000 for the week ended Sept. 4, another fresh low for the pandemic era.
That was below the Dow Jones estimate of 335,000 and a decline from the previous week’s 345,000.
Continuing claims fell to 2.78 million, a drop of 22,000.
First-time filings for unemployment claims in the U.S. dropped to 310,000 last week, easily the lowest of the Covid era and a significant step toward the pre-pandemic normal, the Labor Department reported Thursday.
Claims had been expected to total 335,000 for the week ended Sept. 4, according to economists surveyed by Dow Jones.
The total for the week ended Sept. 4 represented a substantial drop from the previous week’s 345,000 and is the lowest since March 14, 2020. Claims may have been still lower except for a substantial bump in Louisiana, which was hammered by Hurricane Ida and still has nearly 250,000 homes and businesses without power.
https://www.cnbc.com/2021/09/09/weekly-jobless-claims-.html
That’s good, the same time unemployment benefits run out.