Money & The Economy

New Jobless Claims Spike To 853,000, Economists Expected 730,000

The number of Americans filing new unemployment claims increased to 853,000 last week as the economy continued to suffer the effects of the ongoing coronavirus pandemic, according to the Department of Labor.

The Bureau of Labor and Statistics (BLS) figure released Thursday represented a large increase of new jobless claims compared to the week ending Nov. 28, in which there were 712,000 new jobless claims reported. New jobless claims had stayed below 800,000 for more than a month prior to the report.

Economists expected Thursday’s jobless claims number to come in around 730,000, CNBC 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.

Roughly 19 million Americans continue to collect unemployment benefits, according to the BLS report Thursday.

Content created by The Daily Caller News Foundation is available without charge to any eligible news publisher that can provide a large audience. For licensing opportunities of our original content, please contact licensing@dailycallernewsfoundation.org

Thomas Catenacci

Share
Published by
Thomas Catenacci

Recent Posts

Tech Founder Says Most School Shootings Are Preventable — And Explains How

Cover founder Brett Adcock said on “The Shawn Ryan Show” Tuesday that the vast majority…

6 hours ago

Feds Probe Hochul Aide, City Councilwoman Sister For Alleged Migrant Shelter Bribery Scheme

Federal prosecutors are investigating whether an aide to Democratic New York Gov. Kathy Hochul and…

6 hours ago

Left-Winger Says He’ll Destroy Food Ordered By Trump Supporters, Whines When DoorDash Drops Him

A left-wing delivery driver took to social media to complain about being dumped by DoorDash…

6 hours ago

Iran Threatens To Blow Up American Tech Firms

Iran’s Islamic Revolutionary Guard Corps (IRGC) threatened to target American tech companies on Tuesday, claiming…

7 hours ago

Iran War Sends Gas Over $4.00 A Gallon

Gas surged to $4 a gallon on Tuesday amid the United States’ continued conflict with…

7 hours ago

Is Another Foreign Leader About To Be ‘Maduroed?’

DEA records show that Colombian President Gustav Petro has appeared in multiple investigations dating back…

7 hours ago