Labor Dept: 3M New Jobless Claims, 36.5M In 8 Weeks

Yahoo Finance reports:

The COVID-19 pandemic’s continued impact on the labor market was highlighted Thursday morning when the U.S. Labor Department released its weekly initial jobless claims report.

Another 2.981 million Americans filed for unemployment benefits in the week ending May 9 surpassing economists’ estimates for 2.5 million jobless claims for the week.

The prior week’s figure was revised higher to 3.18 million from the previously reported 3.17 million jobless claims. Over the past two months, more than 36 million Americans have filed unemployment insurance claims.