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Jobless claims, total unemployment level worse than expected

ECONOMY

Jobless claims, total unemployment level worse than expected

PUBLISHED THU, JUN 4 20208:30 AM EDTUPDATED MOMENTS AGOJeff Cox@JEFF.COX.7528@JEFFCOXCNBCCOMKEY POINTS

  • Weekly jobless claims totaled 1.877 million last week vs. the Dow Jones estimate of 1.775 million.
  • Continuing claims rose sharply, hitting nearly 21.5 million in a sign that workers are being called back to work slowly. 

WATCH NOWVIDEO01:15Additional 1.877 million people filed unemployment claims in last week of May

Filings for unemployment insurance claims totaled 1.877 million last week in a sign that the worst is over for the coronavirus-related jobs crisis but that the level of unemployment remains stubbornly hi

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