U.S. Unemployment Claims Remain Elevated as Recovery Slows

Posted on AllSides December 17th, 2020
From The Center
Economy and Jobs, jobless claims, unemployment benefits, layoffs, coronavirus, coronavirus spike

Nearly 900,000 workers applied for jobless benefits last week, extending recent increases in another sign the economy is entering a winter slowdown.

Unemployment claims rose to 885,000 from 862,000 a week earlier, the Labor Department said Thursday.

More broadly, claims are down sharply from a peak of nearly 7 million in March, but the four-week moving average, which smooths out weekly volatility, recently increased after trending downward since the spring. The weekly figures can be volatile around the holidays due to seasonal-adjustment issues.

“The next few months will be pretty...

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https://www.wsj.com/articles/weekly-jobless-claims-coronavirus-12-17-2020-11608169231

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