New US Jobless Claims Fell Slightly to 712,000 Last Week

First-time claims for unemployment benefits in the United States totaled 712,000 in the week that ended on November 28th, reaching the lowest level during the pandemic crisis.

First-time claims for unemployment benefits in the United States totaled 712,000 in the week that ended on November 28th, reaching the lowest level during the pandemic crisis.

According to a Labor Department Thursday report, the number represents a sign that hiring is continuing all across the country, considering that a Dow Jones survey of economists predicted 780,000 first-time claims for unemployment benefits instead of the 712,000 reported. 

The report also pointed out this number marked a decrease from the upwardly revised level of 787,000 a week ago. Continuing claims also fell sharply, dropping 569,000 to 5.52 million.

The claims release comes one day before the department releases its nonfarm payrolls report for November. Estimates from the Dow Jones are for payroll growth of 440,000 and a decrease in the unemployment rate to 6.7 percent.

The Labor Department report is also the first since the Government Accountability Office released a report saying the weekly jobless claims figures have been inaccurate during the COVID-19pandemic.


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