Breaking: Labor Dept. Announces 837,000 New Jobless Claims

The U.S. Labor Department received 837,000 initial jobless claims for the week ending September 26, down 36,000 from the previous week.

Continuing unemployment claims as of September 19 were recorded at 11.8 million, reflecting the ongoing economic dislocation caused by the coronavirus pandemic. The latest figures use data released last week for the state of California, which has suspended acceptance of applications while state agencies attempt to revamp their unemployment system.

The Commerce Department on Thursday also stated that consumer spending rose by one percent for the month of August, however incomes continued to drop.

Labor Dept. Announces 837,000 New Jobless Claims Continuing unemployment claims as of September 19 were recorded at 11.8 ... READ MORE ADVERTISEMENT Follow Us & Share 19 West 44th Street, Suite 1701, New York, NY, 10036, USA Your Preferences | Unsubscribe | Privacy View this e-mail in your browser.