US jobless claims rise to 351,000 despite businesses despairing at not being able to find staff

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