The number of Americans filing new claims for jobless benefits unexpectedly rose last week after hitting a pandemic low a week earlier, but economists says the labor market will continue to steadily recover.
Last week 351,000 people filed for unemployment benefits, a 16,000-person spike from the week before when 335,000 filed, according to data from the Department of Labor (DOL).
The first week of September saw only 310,000 jobless claims – a new low amid the pandemic. At the height of the pandemic last year, about 6.1 million new claims were being filed weekly.
There was a 24,221 jump in unadjusted claims in California that offset a sharp decrease in filings in Louisiana, which was devastated by Hurricane Ida in late August.
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Source: Daily Mail