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Weekly jobless claims higher than expected as labor market takes hit from rising Covid cases – CNBC

Claims totaled 778,000 for the week ended Nov. 21, ahead of the 733,000 expectation from economists surveyed by Dow Jones.

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The pace of first-time filings for jobless claims picked up last week, with the jobs market showing increasing vulnerability to the coronavirus spread.
Claims totaled 778,000 for the week ended Nov. 21, ahead of the 733,000 expectation from economists surveyed by Dow Jones and up from 742,000 the previous week, the Labor Department reported Wednesday.
Continuing claims for those collecting benefits for at least two weeks continued their decline, falling to 6.07 million, a decline of 299,000.
The…

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