U.S. Labor Market Gradually Healing; Inflation Still Benign

13 November 2020

Initial claims for state unemployment benefits fell 48,000 to a seasonally adjusted 709,000 for the week ended Nov. 7. Economists polled by Reuters had forecast 735,000 applications for the latest week. Despite claims dropping to their lowest since March, they remained above their peak of 665,000 during the 2007-2009 Great Recession.
Post by : Republic of Turkey Ministry of Trade