Wed, May 18, 2022

in-focus

U.S. jobless claims rose last week for first time since March


U.S. jobless claims rose last week for the first time since the initial pandemic-induced surge in March, signaling a labor-market stall just as federal aid winds down for people and companies.

Initial claims through regular state programs increased to 1.42 million in the week ended July 18, up 109,000 from the prior week, a Labor Department report showed Thursday; on a non-seasonally adjusted basis, claims declined. There were 16.2 million who filed for ongoing benefits through those programs in the period ended July 11, down from the prior week and less than forecast.

Economists in a Bloomberg survey had forecast 1.3 million initial claims, little changed from the prior week, with projections ranging from 1 million to 1.55 million.

Published : July 23, 2020

By : Syndication The Washington Post, Bloomberg · Katia Dmitrieva