US weekly jobless claims hit 1.2 million, fewer filings than economists expected - Business Insider

Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.US jobless claims for the week that ended Saturday totaled 1.2 million, the Labor Department said Thursday. That came in below the consensus economist estimate of 1.4 million.

Continuing claims, the aggregate total of people receiving unemployment benefits, totaled 16 million for the week that ended July 25.Yet another week passed with millions of Americans filing for unemployment insurance, reflecting continued coronavirus-driven layoffs and a flagging economic recovery. In just a few months, the more than 55 million unemployment claims filed during the coronavirus pandemic have far surpassed the 37 million during the 18-month Great Recession. The latest figure is more than double the 665,000 filed during the Great Recession's worst week.Tom Marsico's global stock fund has trounced its benchmark for 13 years — and returned 28 times its peers in 2020. Here's what he's been buying, and the beaten-down stocks he plans to grab after the pandemic.

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