The number of Americans applying for state unemployment benefits inched down last week as the nation's labor market continued its gradual recovery from the coronavirus pandemic and subsequent economic shutdown.

The latest jobless claims figures from the Labor Department, which cover the week ending Sept. 12, show that 860,000 workers sought aid last week, pushing the total number since the shutdown began to nearly 61 million.

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Economists surveyed by Refinitiv expected 850,000 new claims. Last week's figure was revised upward by 9,000 to 884,000.

Continuing claims, the number of people receiving benefits after an initial week of aid, fell by 916,000 to about 12.6 million, below the 13 million expected by Refinitiv economists. Read more at FOX Business