Unemployment claims rise for the third week in a row after millions lost their federal pandemic unemployment benefits, according to data released by the Department of Labor on Thursday.
The seasonally adjusted initial claims for unemployment insurance amount to 362,000 in the week ending September 25th. That is 11,000 more applications than the previous week.
Claims without seasonal adjustments have declined somewhat, to 298 255. The number is before the Department of Labor has taken into account an expected decrease of 18 940 applications.
According to The Associated Press, employers’ have rapidly increased their appointments since reducing 22 million jobs in March and April 2020 as the outbreak of the coronavirus — and the shutdown it was supposed to contain — brought economic activity to a standstill ‘, adding that’ the economy since then ‘has restored about 17 million jobs as businesses to open or expand hours and Americans to return to pubs, restaurants and hotels. ”
However, the appointment has been delayed since August due to the impact of the highly transferable Delta variant on the economic recovery.
Alan is a writer, editor and news junkie in New York.