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U.S. Jobless Claims Fell to 900k Last Week vs 910k Expected

Published 01/21/2021, 08:37 AM
Updated 01/21/2021, 08:39 AM
© Reuters

By Geoffrey Smith

Investing.com --The number of people claiming jobless benefits in the U.S. fell last week but remained at historically high levels as the Covid-19 pandemic continued to take its toll.

The Labor Department said initial jobless claims fell to 900,000 from 926,000 the week before – a figure that itself was revised downward from an initial estimate of 965,000.

Continuing claims, which are reported with a one-month lag, also fell to 5.054 million, from a downwardly-revised 5.181 million. That confounded expectations for an increase to around 5.4 million.

Latest comments

That’s funny 910 & 900 looks like a joke !
Omg 10k less
Get ready for underestimating joblessness and overcorrecting up starting soon.
great it's down. the recovery is upon us
The idea is to crush the small businesses that usually vote and fundthe republican party... but republicans are just as useless as the democrat party...
Be careful. Any criticism of Biden is automatically pro-Trump even though he is no longer president.
We have a right to criticise our president, especially if one voted for him. We can hire and criticize our employees’ poor performance. Therefore we can hire (vote in) a president and criticize his/her poor performance.
Not So! We live in the "Data Collection Era." One would be wise not to become an enemy of the state.
We keep losing several million jobs a month, at one time several million a week. How can continuing claims only be 5 million? This squirt is insane!! My common sense says "Bearish", but the market says, "Bull!!"
900k that's worth 400 point increase what a joke
Ha! It fell? Sounds like an avalanche of downward movement.
Blame the president. you used to blame trump for everything so. I guess now everything is Bidens fault
He just started his precidency 👏👏
heritage of trump
Yes, and when Trump took office, and the market dipped, people blamed him, even tho he just started hi presidency, the hypocrisy on the left is amazing.
wait till sleepy pres policies kick in. 500k to 700k will become normal.
just say 0.9 million. sounds even better
😅
Now its gonna go down 🤨
We will see about that, since Biden said we are going to lock down when he becomes president. Or was he lying 🤥 to you?
Then its bearish though, nah! It will show bullish
when did he clearly ...lock down....? my memory must be failing. or the ilusionists and against everythingers are talking.I remember 4 years ago when the blind followers were saying.....we need to give him some time, he is not a polititian.
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