Jobless Claims Rise After Falling To Pandemic Low

Jobless Claims Rise After Falling To Pandemic Low

719,000 Americans filed for unemployment benefits last week, more than the 675,000 the market expected. That said, the previous week was revised lower, to 658,000. You might recall that last week's print was the lowest of the pandemic era and marked the first time since the onset of the crisis that claims were below the pre-pandemic record. This week's release reflected the annual revision to the weekly unemployment claims seasonal adjustment factors (all incorporated in the charts below).
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