New Unemployment Claims Drop Below 1 Million

States reported that 881,000 U.S. workers filed for new unemployment benefits during the week ending Aug. 29, the first full month after the $600 per week enhancement for unemployment expired. The total number of workers continuing to claim unemployment benefits fell to 13.2 million last week after peaking at nearly 25 million in early May, indicating a slowly improving labor market.
Source: New feed 2