Economists surveyed by Bloomberg expected a reading of 800,000 claims.
Continuing claims, which track Americans receiving unemployment benefits, gained to 5.3 million for the week that ended January 2. That's above the consensus economist forecast of 5.3 million.The number of Americans filing for unemployment benefits jumped last week as rising COVID-19 cases continued to cut into the labor market's recovery.the Labor Department announced Thursday
Continuing claims, which track Americans receiving unemployment-insurance payments, gained to 5.3 million for the week that ended January 2. That came in above the median economist forecast of 5 million. While the rate of labor-market recovery has slowed, case counts continue to surge across the country. The US reported a record 219,090 new COVID-19 infections on Wednesday, according to The COVID Tracking Project. Hospitalizations reached 130,383 and virus-related deaths climbed above 375,000.
Unmitigated COVID19 EconomicTerrorism DomesticTerrorism ActiveMeasures Fear DivideAndConquer Psyops CyberAttack all part of HybridWarfare operations being executed against USA & democracy by TOC