The Briefing Room
General Category => Economy/Business => Topic started by: mystery-ak on March 04, 2021, 02:38:51 pm
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Jobless claims rise to 745K in final week of February
By Sylvan Lane - 03/04/21 08:36 AM EST
New applications for unemployment benefits rose to 745,000 in the final full week of February, according to data released Thursday by the Labor Department.
In the week ending Feb. 26, the number of weekly jobless claims increased by 9,000 from the previous week’s revised level of 736,000. The Labor Department initially reported 730,000 claims in the prior week, though those figures were likely skewed by dangerous winter storms and several instances of fraud.
Another 436,696 Americans applied for Pandemic Unemployment Assistance (PUA), a program created to expand jobless aid to gig workers, contractors, and others who do not qualify for traditional unemployment insurance.
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https://thehill.com/policy/finance/541572-jobless-claims-rise-to-745k-in-final-week-of-february