Initial Jobless Claims

Initial Jobless Claims, which measures individuals filing for unemployment benefits for the first time, increased 61,000 last week to 719,000. Continuing Claims, or those that continue to receive benefits, dropped by 46,000 to 3.8M. The Pandemic Unemployment Assistance Claims, which gives individuals benefits who would not usually qualify, decreased by 500,000, while the Pandemic Emergency Claims, which extends benefits after regular benefits expire, decreased by 700,000.