Barely fewer individuals filed for unemployment advantages for the primary time final week, the Labor Division reported Thursday morning, whereas persevering with jobless claims maintained a gradual fall to succeed in the bottom stage for the reason that pandemic rocked the financial system in March 2020.
Individuals submitting for unemployment advantages for the primary time since shedding their job fell by 3.5% within the week ending July 31 in comparison with the earlier week, the most recent Labor Division figures present
Some 2.9 million individuals continued to file for unemployment within the week ending July 24, falling by 366,000 from the earlier week and reaching a stage not seen since March 14, 2020—the week earlier than the speed shot up amid a wave of pandemic-induced unemployment.
It is a growing story. Please verify again for updates.