US weekly jobless claims climb to 870,000 as pace of economic recovery slows - Business Insider

Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.New US jobless claims for the week that ended Saturday totaled 870,000, the Labor Department said Thursday. The reading came in above the consensus economist estimate of 840,000 and marked an increase from the previous week.

. That reading surpassed the median economist estimate of 840,000 compiled by Bloomberg and marked an increase from the prior week. In nearly seven months, the roughly 62 million unemployment insurance filings made during the coronavirus pandemic have handily overshadowed the 37 million made during the 18-month Great Recession. Thursday's reading still surpasses the 665,000 filings made during the Great Recession's worst week.

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