Loading...

US Jobless Claims Tick Up From Near a Pandemic Low

September 23, 2021by Paul Wiseman, AP Economics Writer
A hiring sign is placed at a booth for prospective employers during a job fair Wednesday, Sept. 22, 2021, in the West Hollywood section of Los Angeles. The number of Americans applying for unemployment aid rose last week for a second straight week to 351,000, a sign that the delta variant of the coronavirus may be disrupting the job market’s recovery, at least temporarily.(AP Photo/Marcio Jose Sanchez)

WASHINGTON (AP) — The number of Americans applying for unemployment aid rose last week for a second straight week to 351,000, a sign that the delta variant of the coronavirus may be disrupting the job market’s recovery, at least temporarily.

Thursday’s report from the Labor Department showed that jobless claims rose by 16,000 from the previous week. As the job market has strengthened, unemployment aid applications, which generally track layoffs, have tumbled since topping 900,000 early this year, reflecting the economy’s reopening after the pandemic recession. The four-week moving average of claims, which smooths out week-to-week swings, registered its sixth straight drop — to a pandemic low of 336,000. 

Jobless claims still remain somewhat elevated: Before the virus tore through the economy in March 2020, they generally numbered about 220,000 a week.

In a research report, Contingent Macro Advisors concluded that the recent jump in applications for unemployment benefits — especially so last week in California and Virginia — likely reflected a technical problem in processing the claims: “For now, the jump in claims in the last two weeks is not yet alarming but it certainly bears close watching in the coming weeks.”

America’s employers have rapidly increased their hiring since they slashed 22 million jobs in March and April 2020 as the pandemic — and the shutdowns that were meant to contain it — brought economic activity to a near-standstill. Since then, the economy has recovered about 17 million jobs as the rollout of vaccines encouraged businesses to open and expand hours and Americans to go back out to shop, travel and dine out.

But hiring, which has averaged more than 585,000 jobs a month this year, slowed to just 235,000 in August as the delta variant disrupted the recovery. Restaurants and bars cut nearly 42,000 jobs last month as COVID-19 cases picked up. 

Overall, 2.8 million Americans were receiving unemployment benefits during the week of Sept. 11, up by 131,000 from the week before. 

Earlier this month, more than 8 million people lost all their unemployment benefits with the expiration of two federal programs that covered gig workers and people who have been jobless for more than six months. Those emergency programs had been created in March of last year to help ease the economic hardship caused by the pandemic.

An additional 2.7 million people who were receiving regular state unemployment aid lost a $300-a-week federal unemployment supplement last week. 

Employment

US Jobless Claims Hit 52-Year Low After Seasonal Adjustments

WASHINGTON (AP) — The number of Americans applying for unemployment benefits plummeted last week to the lowest level in more... Read More

WASHINGTON (AP) — The number of Americans applying for unemployment benefits plummeted last week to the lowest level in more than half a century, another sign that the U.S. job market is rebounding rapidly from last year's coronavirus recession. Jobless claims dropped by 71,000 to 199,000,... Read More

November 24, 2021
by Dan McCue
Study Finds Significant Bipartisan Support for Corporate Social Responsibility

WASHINGTON — A new, groundbreaking study suggests not only is there strong bipartisan support for corporate efforts to address environmental,... Read More

WASHINGTON — A new, groundbreaking study suggests not only is there strong bipartisan support for corporate efforts to address environmental, social and governance challenges, but that the bipartisan appeal of these initiatives dramatically increases among Americans under the age of 45. The study, “Unlocking the Bipartisan... Read More

November 17, 2021
by Dan McCue
Biden Administration Suspends Enforcement of Vaccine Mandate

WASHINGTON — The Biden administration on Wednesday suspended enforcement of a vaccine mandate on private companies with 100 or more... Read More

WASHINGTON — The Biden administration on Wednesday suspended enforcement of a vaccine mandate on private companies with 100 or more employees. The decision, which was carried out through the Occupational Safety and Health Administration, comes less than a week after the 5th U.S. Circuit Court of... Read More

November 17, 2021
by Alexa Hornbeck
FDA Issues New Guidance For Use Of AI In Health Care

WASHINGTON — The U.S. Food and Drug Administration recently partnered with Health Canada and the UK’s Medicines and Healthcare products... Read More

WASHINGTON — The U.S. Food and Drug Administration recently partnered with Health Canada and the UK’s Medicines and Healthcare products Regulatory Agency to issue guiding principles to align efforts and standards for artificial intelligence and machine learning medical device development in health care.  “The FDA believes... Read More

November 16, 2021
by Dan McCue
6th Circuit to Oversee Lawsuits of Employer Vaccination Mandate

WASHINGTON — The 6th U.S. Circuit Court of Appeals will preside over all litigation stemming from the Biden administration’s decision... Read More

WASHINGTON — The 6th U.S. Circuit Court of Appeals will preside over all litigation stemming from the Biden administration’s decision to require companies with at least 100 employees to mandate COVID-19 vaccinations or weekly testing, the U.S. Judicial Panel on Multidistrict Litigation announced Tuesday.  The conservative-leaning... Read More

November 16, 2021
by Tom Ramstack
Sexually Harassed Employees Urge Congress to End Arbitration Clauses

WASHINGTON — Sexual assault victims told a congressional panel Tuesday that arbitration clauses required by many employers in employment contracts... Read More

WASHINGTON — Sexual assault victims told a congressional panel Tuesday that arbitration clauses required by many employers in employment contracts create an incentive for more workers to be victimized. The victims prefer that sexual harassment and assault claims be adjudicated in courts to ensure misdeeds of... Read More

News From The Well
Exit mobile version