Investing.com --The number of people claiming jobless benefits in the U.S. fell last week but remained at historically high levels as the Covid-19 pandemic continued to take its toll.
The Labor Department said initial jobless claims fell to 900,000 from 925,000 the week before – a figure that itself was revised downward from an initial estimate of 965,000.
Continuing claims, which are reported with a one-month lag, also fell to 5.054 million, from a downwardly-revised 5.181 million. That confounded expectations for an increase to around 5.4 million.