Monday, September 15, 2025

US Weekly Jobless Claims Fall for Fourth Consecutive Week to New Pandemic-Low

It appears that the unemployment situation in the US is beginning to show signs of improvement, as weekly jobless claims fell to the lowest level since the beginning of the coronavirus pandemic.

According to the latest Labour Department data, the week ending on November 7 saw initial jobless claims fall from 757,000 to 709,000, which is an improvement considering economists surveyed by Dow Jones expected claims to reach at least 740,000. Continuing claims have also been the subject of a decline, falling by 436,000 from the prior week to a total of 6.79 million. This is the fourth consecutive week of declines for initial claims, with continuing claims trailing a week behind.

Conversely however, the amount of Americans still collecting some form of unemployment benefits remains relatively high. This is partly due to to the expiration of regular benefits, which has prompted many to migrate to the Pandemic Unemployment Assistance program. Initial claims falling under the pandemic-specific program reached 298,154, bringing the overall total of Americans still claiming unemployment benefits to over 21.16 million.

Although high unemployment levels across the US are still a serious problem for the coronavirus-ravaged economy, the recovery seems to be slowly progressing. The Labour Department data shows that nonfarm payrolls rose by 638,000 in October, with approximately 12 million of the 22 million jobs lost between March and April already being recovered. This pushed the unemployment rate down to 6.9% – which however, is still 3.4% higher than pre-pandemic levels recorded before the March shutdown.


Information for this briefing was found via the BLS. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

New Found Gold: The Strategic Maritime Resources Purchase

Amex Exploration: Revised Perron PEA Has INSANE Economics

Aris Mining: The Multi Billion Dollar Soto Norte PFS

Recommended

Northern Superior Expands Philibert With 350 Metre Step Out Testing 1.10 g/t Gold Over 25.5 Metres

Goliath Resources Hits 18.58 g/t Gold Over 5.00 Metres At Surebet

Related News

Record 2 Million Jobs Were Permanently Cut Since Beginning of 2020 as COVID-19 Continues to Batter US Labour Market

Despite the lifting of restrictions and reopening of economies across many states, the US labour...

Sunday, September 6, 2020, 11:31:00 AM

US Job Openings Surge in October, But Weakening Trend Expected With Delayed Print

Before the second wave of the pandemic enveloped the entirety of the US and plunged...

Friday, December 11, 2020, 10:45:00 AM

Trump’s Economic Advisor Makes Grim Prediction Regarding Q2 GDP and Unemployment Rate

Kevin Hassett, who is the White House economic advisor, is anticipating very grim GDP and...

Tuesday, April 28, 2020, 03:00:00 PM

Canada’s Employment Numbers Back to 1980’s Level Amid COVID-19 Pandemic

According to preliminary Canada Emergency Response Benefit (CERB) data, the number of unemployment claims since...

Tuesday, April 28, 2020, 08:16:54 AM

Incoming Unemployment Data Paints Grim Picture of Economic Situation in the US

It is nearing a month since national lockdowns and social distancing measures were put in...

Sunday, April 26, 2020, 02:00:00 PM