Finally some good news.
The Labor Department said Thursday that 419,000 Americans filed for initial jobless benefits in the week ending July 17, above last week’s upwardly revised 368,000 filings. Wall Street analysts surveyed by Refinitiv were expecting 350,000 filings.
“Recovery is never a perfect straight line,” said Mark Hamrick, senior economic analyst at Bankrate.
Continuing claims, meanwhile, fell to 3.236 million filings in the week ending July 10, but were above the 3.1 million consensus. Continuing claims were at their lowest level since March 21, 2020.
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