The overall of Individuals submitting jobless claims fell sharply final week as the improved unemployment advantages ended, the Labor Division reported Thursday.
Preliminary filings for unemployment advantages totaled 326,000 for the week ended Oct. 2, under the 345,000 Dow Jones estimate and a drop from the earlier week’s 364,000.
The numbers got here at a time when most pandemic-related packages that prolonged unemployment advantages are winding down, and amid hopes that declining Covid instances will spark a spherical of extra aggressive hiring heading into the autumn.
Inventory market futures rose barely following the report, including to already robust good points. Authorities bond yields additionally had been larger.
That is breaking information. Please verify again right here for updates.
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