First time unemployment claims totaled 1.54 million last week
First time unemployment claims totaled 1.54 million last week, that’s better than Wall Street expected.
The pace of unemployment claims declined for the tenth week in a row as the U.S. job market continues its recovery from the coronavirus pandemic. Still, the number of unemployed is at historic highs.
The number of people collecting benefits for two weeks or more is just under 21 million.
Many people are heading back to work, but there are many businesses that aren’t seeing the same demand for services and are laying people off under the financial strain.