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Jobless claims on rise again, hit 744,000

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By Thomas Catenacci
Daily Caller News Foundation
The number of Americans filing new unemployment claims increased …

By Thomas Catenacci Daily Caller News Foundation The number of Americans filing new unemployment claims increased to 744,000 last week as the economy continues to slowly recover from the coronavirus pandemic, according to the Department of Labor. The Bureau of Labor and Statistics figure released Thursday represented an increase in the number of new jobless claims compared to the week ending March 27, when 728,000 new jobless claims were reported. That number was revised up from the 719,000 jobless claims initially reported last week. Roughly 18.2 million Americans continue to collect unemployment benefits, according to the report. Economists expected Thursday’s jobless claims number to come in around 694,000, The Wall Street Journal reported. New jobless claims fell below 1 million in the first week of August, which was the first time the weekly claims had fallen below 1 million since March 2020.

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