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Weekly jobless claims rise for first time since April

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mystery-ak:
Weekly jobless claims rise for first time since April
By Sylvan Lane - 06/17/21 08:41 AM EDT

New weekly applications for unemployment insurance rose last week for the first time since April, according to data released Thursday by the Labor Department.

In the week ending June 12, seasonally adjusted initial jobless claims totaled 412,000, rising by 37,000 from the previous week’s revised level of 375,000. Claims had fallen in every consecutive week since the week ending May 1 before last, setting a series of new post-lockdown record lows.

The number of new applications for Pandemic Unemployment Assistance also jumped by 46,722 to a total of 118,025 last week. The program, which is set to expire in September, extended jobless aid to gig workers, contractors and others who don’t qualify for traditional unemployment insurance.

Overall, more than 14 million Americans were on some form of jobless aid during the week ending May 29, down from more than 30 million during the same time in 2020.

more
https://thehill.com/policy/finance/558894-weekly-jobless-claims-rise-for-first-time-since-april

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