Jobless Claims Decrease for The Third Straight Week

Weekly initial jobless claims declined by 33,000 in the week ending January 30. Continuing claims, which lag initial jobless claims by one week, decreased by 193,000 in the week ending January 23. This week’s jobless claims indicate that the labor market is recovering from the COVID-19 pandemic gradually. More hiring is expected when Coronavirus vaccines become more widely distributed. According… Read More ›