Data for the prior week was revised to show 219,000 more applications were received than previously reported, taking the tally for that period to 6.867 million. All told, more than 15 million people have filed claims for jobless benefits since the week ending March 21. As such, the moderation in claims last week is probably temporary. This enhancement is part of a historic $2.3 trillion rescue package and is on top of existing jobless benefits, which averaged $385 per person per month in January. SEE ALSO: Factbox: What we know about the new coronavirus spreading in China and beyond“This may in turn be part of the reason why jobless claims have soared so rapidly in recent weeks.

Source: Standard Digital April 09, 2020 14:15 UTC