Money & The Economy

New Jobless Claims Increase To 885,000, Economists Expected 808,000

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The number of Americans filing new unemployment claims increased to 885,000 last week as the economy continued to suffer the effects of the ongoing coronavirus pandemic, according to the Department of Labor.

The Bureau of Labor and Statistics (BLS) figure released Thursday represented an increase of new jobless claims compared to the week ending Dec. 5, in which there were 853,000 new jobless claims reported. Roughly 20.6 million Americans continue to collect unemployment benefits, according to the BLS report Thursday.

Economists expected Thursday’s jobless claims number to come in around 808,000, The Wall Street Journal reported. New jobless claims fell below 1 million in the first week of August, which was the first time the weekly claims had fallen below 1 million since March.

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