New jobless claims which are reported weekly are likely to fell to a one-month low in the last week, trending down but still coming in well above than the pre-pandemic levels as the recovery of the labour market is marching forward.
The Labour Department is all set to release its weekly jobless claims reports on Thursday at 8:30 am ET.The early Unemployment claims for the week ending July 31, were expected to be 383,000 whereas they have come out to be 400,000 during the previous week.Continuing claims for the week ending July 24 were likely to hit3.255 million, but they have been 3.269 million during the last week.
Continuing the Unemployment claims have also marked off to be higher during the last week, holding inflexibly above the level of 3.2 million. The fact that the total number of pretenders all across the programs had actually increased in the last week’s report held an even more concern, which was increasing by almost 600,000 to 13.2 million However, in the recent weeks, the concerns have grown over the spread of the Delta variant, perplexing many employers’ return-to-office plans and discouraging some individuals from taking up high-contact jobs.
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