New weekly unemployment claims retreated only slightly from last week’s elevated level as the coronavirus pandemic continued to grip the U.S. economy.
The Department of Labor released its weekly report on new jobless claims Thursday morning at 8:30 a.m. ET. Here were the main results from the report, compared to consensus estimates compiled by Bloomberg:
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Initial jobless claims, week ended Jan. 16: 900,000 vs. 935,000 expected and a revised 926,000 during the prior week
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Continuing claims, week…
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