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.
The job market and the wider economy have slowed in recent weeks due to Delta variants that discourage many Americans from traveling, staying in hotels, or eating out. Earlier this month, the government reported that employers added only 235,000 jobs in August, after adding about 1 million in both June and July.
August recruitment plummeted in industries that require direct contact with the general public, especially restaurants, hotels and retailers. Still, with some additional jobs in other areas, the unemployment rate actually dropped from 5.4% to 5.2%.
The steady decline in weekly applications for unemployment benefits is consistent with a reduction in aid to unemployed Americans. Last week, more than 8 million people lost all their unemployment benefits after the expiration of two federal programs for gig workers and those who have been unemployed for more than six months. These emergency programs were created in March 2020, when the pandemic first hit the economy.
An additional 2.7 million people with regular state unemployment assistance lost $ 300 a week in federal unemployment supplements last week.
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