Filings for unemployment benefits likely resumed a summer decline last week, as demand for workers keeps a lid on layoffs and the economic recovery shows signs it is holding up during the latest Covid-19 surge.
Economists surveyed by The Wall Street Journal estimate that weekly unemployment claims, a proxy for layoffs, declined to 320,000 in the week ended Sept. 18 from 332,000 the prior week. That would bring the four-week moving average for initial claims, which smooths out weekly volatility, to the lowest level since the Covid-19 crisis began last year.
