US stocks declined on Thursday after weekly jobless claims data came in higher than expectations, falling the least since March on a week-over-week basis.in the week ended Saturday, the Labor Department announced Thursday. That was down just 10,000 from the previous week's reading and remains at historically high levels. Economists surveyed by Bloomberg expected claims to fall to 1.25 million for the week.
While claims have declined for 15 weeks in a row, Thursday's reading is still roughly double the 665,000 filings made during the worst week of the Great Recession. Since the coronavirus pandemic slammed the US economy, more than 51 million Americans have filed for unemployment benefits.
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