Initial jobless claims totaled 2.98 million last week, higher than expected

Initial jobless claims totaled 2.98 million last week, higher than expected

Around 2.98 million Americans filed for first-time unemployment claims last week, more than economist expectations of 2.7 million, and the eighth-straight week of numbers in the millions. The weekly jobless claims total, released by the Department of Labor on Thursday morning, nonetheless continues a downward trend, as more workers return to their jobs after coronavirus-induced […]