Jobless claims fell to a pandemic low of 348,000 last week, suggesting the labor market continues to heal even as the Delta variant causes uncertainty
Applications for unemployment benefits are likely to reach a new pandemic low, showing a healing labor market even as the Covid-19 Delta variant continues to cause uncertainty.
Economists surveyed by The Wall Street Journal estimate that initial jobless claims, a proxy for layoffs, will decline by 10,000 to a seasonally adjusted 365,000 for the week ended Aug. 14. That would be the lowest level since the pandemic took hold in the U.S. in March 2020. The Labor Department will release the latest numbers at 8:30 a.m. ET Thursday.between 424,000 and 368,000 since late May.
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