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U.S. Jobless Claims Below 1 Million

US DATA
  • U.S. weekly unemployment claims, while still extremely elevated historically, -130k in the week ended Aug 25 to 881k.
  • Only the second week since the pandemic that claims below 1m
  • Claims were ~200k per month before the public health crisis started to hit the economy.
  • The Labor Department reported 13.3m continuing claims in the week, -1,2m from the prior week.
MNI Washington Bureau | +1 202 371 2121 | pedro.dacosta@marketnews.com
MNI Washington Bureau | +1 202 371 2121 | pedro.dacosta@marketnews.com

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