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Weekly Jobless Claims Higher Than Expected at 744,000
Video Credit: Wibbitz Top Stories
Published on April 8, 2021 - Duration: 01:01s
Weekly Jobless Claims Higher Than Expected at 744,000
Weekly Jobless Claims , Higher Than Expected at 744,000.
The Labor Department reported an unexpected rise in unemployment claims on April 8, despite signs of healing in the jobs market.
This weekโs claims are higher than the Dow Jones prediction of 694,000 and up from last weekโs 728,000.
The unemployment rate fell to 6% in March, though it remains above the pre-pandemic low of 3.5%.
Federal Reserve Governor Lael Brainard said that though the economic outlook has โbrightened considerably,โ.
โweโve got some distance to go before the outcomes [of full employment and inclusive gains] are achieved.โ
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