Economics
U.S. Jobless Claims Drop While Remaining Above Pre-Virus Level
- Initial and continuing claims decline by more than expected
- No new data from California, which suspended applications
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Fewer Americans than expected sought unemployment benefits last week, as the slow labor-market recovery grinds on while businesses contend with a pickup in coronavirus cases.
Initial jobless claims in regular state programs decreased by 36,000 to 837,000 in the week ended Sept. 26, Labor Department figures showed Thursday. Continuing claims, the total pool of Americans on state benefit rolls, fell to 11.8 million in the week ended Sept. 19.