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Weekly jobless claims totaled 1M last week, in-line with expectations - Fox Business

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One-stop operator Vickie Gregorio with the Heartland Workforce Solutions talks to a jobseeker outside the workforce office in Omaha, Neb., as others seeking employment wait behind her. (AP Photo/Nati Harnik, File)

The number of Americans filing for unemployment benefits dropped last week, in line with estimates, the Labor Department said Thursday.

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Initial weekly jobless claims totaled 1.006 million for the period ending Aug. 22, bringing the total number of claims to 58.4 million, or 36.5% of the U.S. labor force, since coronavirus-related lockdowns began in March.

Economists surveyed by Refinitiv expected 1 million new claims.

Last week, the number of Americans filing for unemployment aid unexpectedly rose to 1.1 million.

This is a developing story. Please check back for updates.

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Weekly jobless claims totaled 1M last week, in-line with expectations - Fox Business
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