Many more Americans filed new unemployment claims last week than during the previous week, as a resurgence in COVID-19 cases heading into the winter led to more business-constraining social distancing restrictions and pushed more people out of work.
The Department of Labor released its weekly report on new jobless claims Thursday morning at 8:30 a.m. ET. Here were the main results in the report, compared to consensus estimates compiled by Bloomberg:
- Initial jobless claims, week ended Dec. 5: 853,000 vs. 725,000 expected and a revised 716,000 during the prior week
- Continuing claims, week ended Nov. 28: 5.757 million vs. 5.210 million expected and a revised 5.527 million during the prior week