Jobless claims hold above 400,000 for the second week in a row

Sharing is Caring!
  • Initial jobless claims totaled 411,000 for the week ended June 19, a decline from the 418,000 in the previous period but worse than the 380,000 estimate.
  • Continuing claims decreased to 3.39 million.
  • Durable goods orders rose 2.3%, below the Dow Jones estimate, while the final reading on first-quarter GDP came in at 6.4%, in line with expectations.

Initial claims for unemployment insurance remained elevated last week as employers struggled to fill a record amount of job openings.

See also  Nancy Pelosi claims that American government has, "saved the planet" LOL!

First-time filings totaled 411,000 for the week ended June 19, a slight decrease from the previous total of 418,000 and worse than the 380,000 Dow Jones estimate, the Labor Department reported Thursday.

See also  White House ‘Nutrition Advisor’ Claims Lucky Charms Are Healthier Than Chicken

Views: 1

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.