Jobless Claims Jump to 861,000, Much Worse Than Expected
New weekly jobless claims unexpectedly rose by 13,000 to 861,000 in the week that ended February 13, the Department of Labor said Thursday.

New weekly jobless claims unexpectedly rose by 13,000 to 861,000 in the week that ended February 13, the Department of Labor said Thursday.
Economists had expected a smaller dip.
That is far above expectations for 800,000 claims.
The post-election resurgence in layoffs amid renewed lockdowns continues.
Jobless claims came in better than expected but still at an extremely elevated level.
More bad news for the labor market.
Economists had forecast 724,000.
Jobless claims fell by 75,000 in the holiday week, breaking the two week long streak of rising claims.
Worse than expected.
Economists had expected jobless claims to inch up to 710,000.
Iniitlal claims for jobless benefits came in lower than expected.
Economists had expected 745,000 claims.
Jobless claims made a significant move downward.
Unemployment claims were falling even while th “60 Minutes” star insisted otherwise.
New claims for unemployment benefits tumbled by much more than expected to 787,000 in the week ended October 17.
With no hope of aid from Capitol Hill, employers accelerated layoffs in early October.
Very little improvement in jobless claims.
Unemployment claims are still very high and have not made much progress in several weeks.
Initial claims for unemployment benefits climbed last week.
A small improvement, slightly bettter than expeced, in new claims for unemployment benefits.
U.S. weekly jobless claims held steady at 884,000 last week, slightly above Wall Street expectations. Economists had forecast initial claims to drop to around 850,000 from 881,000 originally reported last week. Last week’s figure was revised up by 3,000 to
Jobless claims were expected to fall to 958,000.
Another one million U.S. workers have filed for new unemployment benefits, the Labor Department said in its weekly report Thursday.
WASHINGTON (AP) — The number of laid-off workers seeking U.S. unemployment benefits rose to 1.1 million last week after two weeks of declines, evidence that many employers are still slashing jobs as the coronavirus bedevils the U.S. economy.
A sign that the labor market may have strengthened at the end of July.
A key measure supporting household incomes during the pandemic’s mass unemployment will be preserved but reduced in the next relief bill.
U.S. weekly jobless claims jumped higher in mid-July.
An overwhelming majority of economists in a recent survey said that it was a lack of jobs keeping down employment, not enhanced unemployment benefits.
A smaller than expected decline
New claims for unemployment benefits fell to 1.314 million for the week ended July 6, 99 thousand fewer than a week earlier, the Department of Labor reported Thursday. Economists surveyed by Econoday had been expecting 1.375 million claims. This was