The data from
the Labor Department revealed on Thursday the number of applications for
unemployment reduced last week to the lowest level since the U.S. economy went
into lockdown made to fight the COVID-19 pandemic, but still remained evaluated.
According to the report, the initial claims for unemployment benefits totaled 1,542,000 for the week ended June 6. That brings the number of job losses over the past twelve weeks (since the U.S. went into coronavirus lockdown in mid-March) to more than 44.2 million.
Economists had expected 1,550,000 new claims last week.
Claims for the prior week were revised upwardly to 1,897,000 from the initial estimate of 1,877,000.
Meanwhile, the four-week moving average of claims fell to 2,002,000 from a revised 2,288,250 in the previous week.
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