October 25, 2021

Info IEC

Business & Finance Information

U.S. Jobless Claims Hover Close to Pandemic Low

Jobless claims climbed barely final week, as demand for staff retains a lid on layoffs and the financial restoration reveals indicators it’s holding up throughout the newest Covid-19 surge.

Preliminary unemployment claims, a proxy for layoffs, rose by 16,000 to a seasonally adjusted 351,000 final week from a revised 335,000 the prior week, the Labor Division stated Thursday. The four-week shifting common for preliminary claims, which smooths out weekly volatility, declined barely and remained at its lowest degree because the Covid-19 disaster started final 12 months.

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