Image Alt

The Investing Box

  /  Economy   /  U.S. Initial Jobless Claims Worse Than Forecast for Second Week

U.S. Initial Jobless Claims Worse Than Forecast for Second Week

imageStock Markets7 hours ago (Jun 25, 2020 08:36AM ET)

(C) Bloomberg. A person sits at a bus stop next to closed businesses in Brooklyn, New York on June 17. Photographer: David Dee Delgado/Bloomberg

(Bloomberg) — The number of Americans seeking unemployment benefits was higher than forecast for a second straight week, adding to signs that the recovery is cooling amid a pickup in coronavirus cases.

Initial jobless claims in regular state programs fell to 1.48 million last week from an upwardly revised 1.54 million in the prior week, Labor Department data showed Thursday.

Read more: Bloomberg’s TOPLive blog on Thursday’s economic data

Continuing claims, which track the overall pool of recipients and are reported with a one-week lag, remain on only a gradual decline, falling to 19.5 million in the week ended June 13.

Economists surveyed by Bloomberg News had forecast Thursday’s report to show 1.32 million initial claims and 20 million continuing claims.

(C)2020 Bloomberg L.P.

U.S. Initial Jobless Claims Worse Than Forecast for Second Week

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Post a Comment