New Jobless Claims Drop By Over 100K

Roy Maurer By Roy Maurer February 25, 2021
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​States reported that 730,000 U.S. workers filed for new unemployment benefits during the week ending Feb. 20, a decrease of 111,000 from the previous week's revised level. The total number of workers continuing to claim unemployment benefits fell by 100,000 to 4.4 million. About 19 million people are receiving some type of unemployment aid.

Initial unemployment claims decreased for the first time in five weeks, but are still well above pre-pandemic levels. Continuing jobless claims, which measure the total number of people still receiving regular state unemployment benefits, have fallen for the past six weeks. However, an increasing number of the unemployed have exhausted their six months of state benefits and have enrolled in federal emergency unemployment programs.

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