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Thu May 13, 2021, 09:38 AM

Jobless claims: Initial filings dipped to a new pandemic era low last week

Initial unemployment claims dropped more than expected to a fresh pandemic-era low, with new filings inching back toward pre-pandemic levels as more vaccinated Americans return to work and in-person activities.

The Department of Labor released its weekly report on new jobless claims Thursday at 8:30 a.m. ET. Here were the main metrics expected from the report, compared to consensus data compiled by Bloomberg:

Initial jobless claims, week ended May 8: 473,000 vs. 490,000 expected and an upwardly revised 507,000 during prior week

Continuing claims, week ended May 1: 3.655 million vs. 3.650 million expected and an upwardly revised 3.700 million during prior week



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