Jobless Claims Filings Pick Up Amid Continued Struggles For Labor Market

The pace of workers filing for unemployment claims picked up last week and was a bit higher than Wall Street had been expecting. Jobless claims totaled 742,000 for the week, the Labor Department reported Thursday, ahead of the 710,000 estimate from economists surveyed by Dow Jones. That total also represented an acceleration from the previous week’s 709,000 and a continuation of the job market struggles since the coronavirus pandemic hit in early March. Read more at CNBC.