See Local News
Get Balanced News From Your U.S. State.
See Local News
See all locals

U.S. Unemployment Claims Rise, Pausing Recent Downward Trend

Posted on AllSides February 18th, 2021
From The Center
Economy and Jobs, jobless claims, unemployment benefits

Worker applications for unemployment benefits rose to 861,000 last week, halting a downward trend that pointed to an improving labor market amid other signs that the economic recovery is picking up.

The Labor Department on Thursday said the increase was accompanied by a 55,000 upward revision of claims in the prior week, on a seasonally adjusted basis. That put the four-week moving average, which smooths out week-to-week fluctuations, at 833,000, slightly lower than the prior week.

Economists surveyed by The Wall Street Journal had forecast that the number of workers...

Read full story
Some content from this outlet may be limited or behind a paywall.
https://www.wsj.com/articles/weekly-jobless-claims-coronavirus-02-18-2021-11613607535

More News about Economy and Jobs from the Left, Center and Right

From the Left

From the Center

From the Right