Unemployment claims in the United States are up for the first time in six weeks, the Labor Department said in its weekly report Thursday.
The department said there were 412,000 new claims last week, an increase of 37,000. The report also revised down the prior week’s claims by 1,000.
Most analysts expected about 360,000 new claims.
Thursday’s figure marks the first time since May 15 that initial claims were higher than 400,000.
The overall number of Americans receiving benefits fell more than 500,000, the report said.
By comparison, there were 1.4 million new unemployment claims for the same week in 2020.
“Factors related to the pandemic, such as caregiving needs, ongoing fears of the virus and unemployment insurance payments appear to be weighing on employment growth,” Federal Reserve Chairman Jerome Powell told reporters Wednesday.
“These factors should wane in coming months against a backdrop of rising vaccinations leading to more rapid gains in employment.”
The department said there were 3.5 million continuing claims last week, which lag initial claims by a week.
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The Dishonorable, Socialist Democrat Party game plan is to lie, cheat and steal elections in order to take total control of the American people, increase Taxes on everything and bring American commerce and economy to its knees.
Then access power and retain it by any means available –
no matter the costs to the people, the government or the nation.
Okay, Joe—you killed all the great jobs in the fossil fuel industry plus others that would have been created had you not killed pipeline construction. You were going to replace those with “green jobs”—just like there was going to be an instant transition. More Biden BS.
There never were going to be “green jobs”—you were selling a pipe dream. This climate change, green energy baloney is being promoted as something it is not and never will be. You’re a total farce, Biden.
Well, when they are PAID MORE to stay at home, rathe than go out and work, ITS NOT SURPRISING THE UNEMPLOYMENT rate is spiking.
Keep people on extended unemployment, kill energy jobs (oil and natural gas). Hey Joe, where are all of the green jobs? Joe, answer me using your 3 x 5 cards! Oh, how I love puppets.
It’s the trickle down theory in reverse, shut down certain indutstries such as the pipelines or drilling, the supporting industries for them no longer have work to do so more layoffs, then the suppliers of those industries need to lay off, etc., etc.! However politicians and bureaucrats will never get laid off.
So damn true…