U.S. Weekly Jobless Claims Tumble To Lowest Level Since March 2020
2021年4月15日 - 06:23PM
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A report released by the Labor Department on Thursday showed
first-time claims for U.S. unemployment benefits pulled back by
much more than anticipated in the week ended April 10th, falling to
their lowest levels since the early days of the pandemic.
The Labor Department said initial jobless claims tumbled to
576,000, a decrease of 193,000 from the previous week's revised
level of 769,000.
Economists had expected jobless claims to decline to 700,000
from the 744,000 originally reported for the previous week.
With the much bigger than expected decrease, jobless claims
dropped to their lowest level since hitting 256,000 in the week
ended March 14, 2020.
"Jobless claims for the prior week were revised higher, and we
may still see volatility in the weeks ahead," said Nancy Vanden
Houten, Lead Economist at Oxford Economics. "However, we expect the
trend in claims to be downward as the economic recovery gains
momentum."
She added, "We forecast more than 6 million jobs to be created
over the rest of 2021, with payrolls for the year rising by 8
million."
The report said the less volatile four-week moving average also
fell to a more than one-year low of 683,000, a decrease of 47,250
from the previous week's revised average of 730,250.
Meanwhile, the Labor Department said continuing claims, a
reading on the number of people receiving ongoing unemployment
assistance, inched up by 4,000 to 3.731 million in the week ended
April 3rd.
The four-week moving average of continuing claims still slid to
3,763,000, a decrease of 98,000 from the previous week's revised
average of 3,861,000.
With the decrease, the four-week moving average of continuing
claims dropped to its lowest level since hitting 3,611,750 in the
week ended March 28, 2020.
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