Weekly Jobless Claims at 847,000 Are (Slightly) Lower than E

Weekly Jobless Claims at 847,000 Are (Slightly) Lower than Expected
GOBankingRates
1/28/2021
Yaёl Bizouati-Kennedy
© Akira Suemori/Shutterstock / Akira Suemori/Shutterstock
Mandatory Credit: Photo by Akira Suemori/Shutterstock (11726687e)The unemployment rate rose to 5% in the three months to November.
The number of unemployment weekly claims declined slightly last week to 847,000, a decrease of 67,000, according to the Labor Department today. The figure is lower than the 875,000 Dow Jones had anticipated for the week ending January 23, according to MarketWatch.
While there was a slight decrease, the numbers are still a far cry from pre-pandemic figures: first time unemployment benefit filers had typically numbered only about 225,000 weekly, reflecting the ongoing devastating effects of the pandemic.

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