Jobless Claims Rose Last Week, Pausing Downward Trend
Posted on AllSides June 17th, 2021
From The Center
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.
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