Jobless Claims Rose Last Week, Pausing Downward Trend

Posted on AllSides June 17th, 2021
From The Center
Economy and Jobs, unemployment

Worker filings for initial unemployment benefits rose by 37,000 to 412,000 last week, marking the first increase since late April and pausing what had been a steady downward trend in filings.

The increase was the biggest jump since late March, the Labor Department said on Thursday. Claims for the prior week were revised slightly to 375,000.

The four-week moving average, which smooths out week-to-week volatility, reached a new pandemic low of 395,000. This is the lowest average level since March 2020, when the pandemic first took hold in the U.S.

The latest...

Read full story
Some content from this outlet may be limited or behind a paywall.

AllSides Picks

https://www.wsj.com/articles/weekly-jobless-claims-06-17-2021-11623895321

More News about Economy and Jobs from the Left, Center and Right

From the Left

From the Center

From the Right