September 11, 2020
First-time unemployment claims for the week ending Sept. 5 reached 884,000, according to the U.S. Department of Labor’s Sept. 10 report. The prior report for the week ending Aug. 29 indicated that unemployment claims totaled 881,000.
A number of economists surveyed by Dow Jones expected the total for the week to come in at 850,000, reflecting a downward trend from the previous week. The two prior weeks marked the first time since the middle of March that unemployment claims have been fewer than 1 million in back-to-back weeks.
Continuing claims rose to 13.8 million for the week ending Sept. 3, which is 93,000 higher than the week ending Aug. 29.
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