The number of new jobless claims for last week has come in worse than anticipated.
The Labor Department said Thursday that 870,000 Americans filed new jobless claims last week, which was about 4,000 claims higher than the revised total from the week prior. The number was above the level that economists were expecting, as experts had forecast a decline to 850,000 claims, CNBC reports.
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"That number is still above the previous height for jobless claims since before the COVID crisis started," Schmidt Futures labor economist Martha Gimbel told NBC News. "It is astonishing that we are getting used to a number every week higher than we have ever seen before."
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