Jeff Cox@JEFF.COX.7528@JEFFCOXCNBCCOM
The Labor Department said new filings for jobless claims totaled 881,000 last week, better than estimates as the employment market continued its gradual progress during the coronavirus pandemic recovery.
According to a group of economists surveyed by Dow Jones, they had been predicting for a total of 950,000.
Experts say the number reflects an improving labor market as well as a change in methodology from the Labor Department to address seasonal factors.
More: CNBC.COM