U.S. jobless claims drop seventh straight week to 268,000

u s jobless claims drop seventh straight week to 268000

Sumary of U.S. jobless claims drop seventh straight week to 268,000:

  • Overall, 2.1 million Americans were collecting traditional unemployment checks the week that ended Nov.
  • 6, the federal government had supplemented state unemployment insurance programs by paying an extra payment of $300 a week and extending benefits to gig workers and to those who were out of work for six months or more.
  • Including the federal programs, the number of Americans receiving some form of jobless aid peaked at more than 33 million in June last year.
  • Consumers, pocketing government relief checks and gaining confidence as COVID-19 cases fell, resumed spending.

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