The number of Americans filing jobless benefits decreased to 224,000 for the week ending Aug. 9, which is below the forecast of 230,000. Applications for unemployment benefits have largely stayed within a healthy range since the economic downturn caused by COVID-19, typically between 200,000 and 250,000. The four-week average of claims saw a slight increase of 750, bringing it to 221,750. Additionally, the total number of Americans collecting unemployment benefits decreased by 15,000 to 1.96 million for the previous week.
The number of Americans filing for jobless benefits fell modestly last week, remaining in the historically low range since the U.S. economy emerged from the COVID-19 pandemic.
Applications for unemployment benefits for the week ending Aug. 9 fell by 3,000 to 224,000, the Labor Department reported Thursday.
Weekly applications for jobless benefits are seen as a proxy for U.S. layoffs and have mostly settled in a historically healthy range between 200,000 and 250,000 since COVID-19 throttled the economy in the spring of 2020.
The total number of Americans collecting unemployment benefits for the previous week of Aug. 2 fell by 15,000 to 1.96 million.
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