. The reading came in above the consensus economist estimate of 730,000 and showed an increase from the previous week's revised figure.
. Economists surveyed by Bloomberg expected a reading of 730,000. The total also lands above the previous week's revised total of 748,000 and marks a second straight increase after four consecutive periods of declines. Nearly 69 million filings for unemployment benefits have been made since the pandemic slammed the US economy in March. That exceeds the 37 million filings made during the 18-month Great Recession. While weekly filings have fallen from their spring highs, readings still surpass the 665,000 filings made during the worst week of the previous economic downturn.
The headline should be the 20.45 million total number of unemployment claims instead of the less important number of rise or fall of new claims. The 20.45 million figure is nowhere in your article, I had to go to the DOL report. You're using a meaningless metric.
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