Logo
Sound journalism, grounded in facts and Biblical truth | Donate

U.S. unemployment claims rise for second week


A job fair on Wednesday in Los Angeles Associated Press/Photo by Marcio Jose Sanchez

U.S. unemployment claims rise for second week

The delta variant of the coronavirus could be disrupting the job market, but analysts at Contingent Macro Advisors concluded that technical problems in processing the claims could also explain the recent rise in newly reported filings for unemployment benefits. The Labor Department reported that jobless claims rose nearly 5 percent from the previous week to about 351,000.

Is unemployment trending up? The four-week moving average, which smooths out week-to-week swings, registered its sixth straight drop to a pandemic low of 336,000. The number still remains elevated. Before the virus tore through the economy in March 2020, it generally numbered about 220,000 new unemployment benefits requests per week.

Dig deeper: Read Tim Lamer’s reviews of four recent books about America’s economic challenges. 


Kent Covington

Kent is a reporter and news anchor for WORLD Radio. He spent nearly two decades in Christian and news/talk radio before joining WORLD in 2012. He resides in Atlanta, Ga.

@kentcovington

COMMENT BELOW

Please wait while we load the latest comments...

Comments

Please register or subscribe to comment on this article.

news2me

Are they including the newly arrived people who have been welcomed across the border as part of the unemployed?