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U.S. unemployment claims rise after hitting pandemic low – The Denver Post – Denver, Colorado

Denver, Colorado 2021-09-16 09:15:33 –

Washington — The number of Americans seeking unemployment benefits increased from a pandemic low to 332,000 last week. This indicates that exacerbation of COVID infection may have increased layoffs slightly.

According to the Ministry of Labor, unemployment assistance applications increased from 312,000 last week. Unemployment claims, which generally track the pace of furloughs, have been steadily declining for two months as many employers struggling to fill their jobs are detaining their employees. Two weeks ago, unemployed billing reached its lowest level since March 2020.

Unemployed claims increased by 4,000 in Louisiana. This shows that hurricane Ida has led to widespread unemployment in Louisiana. Ida could undermine economic growth in the current July-September quarter, but repair and rebuilding efforts are expected to recoup these losses in the coming months.

Still, Aida closed oil refineries in Louisiana and Mississippi about two weeks ago, supplying less than a million homes and businesses with electricity. However, Aida’s influence was limited. Applications for unemployment assistance have declined slightly in Mississippi.

U.S. unemployment claims rise after hitting pandemic low – The Denver Post Source link U.S. unemployment claims rise after hitting pandemic low – The Denver Post

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