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Jobless claims show modest decline as Congress works on more stimulus – CNBC

Jobless claims for the week ended Jan. 16 totaled 900,000, the Labor Department reported, slightly better than the Wall Street estimate of 925,000.

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Americans continued to hit the unemployment line in large numbers as the ongoing surge of Covid cases added to America’s unemployment problem last week.
Jobless claims totaled 900,000 for the week ended Jan. 16, the Labor Department reported Thursday. That was slightly less than the Dow Jones estimate of 925,000 and below the previous week’s downwardly revised total of 926,000.
Markets shaved some arlier gains following the data and amid continued anticipation that President Joe Biden and Congress…

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