The number of Americans seeking unemployment benefits rose last week from its lowest level of the pandemic, even as the job market is rebounding.
The number of Americans seeking unemployment benefits rose last week from its lowest level of the pandemic, even as the job market appears to be rebounding on the strength of a reopened economy.
Economists characterized last week’s increase as most likely a blip caused by some onetime factors and partly a result of the inevitable bumpiness in the week-to-week data. Applications for jobless aid jumped last week, for example, in Michigan, where GM has announced that it’s shutting down truck production because of supply shortages.
Complaints by companies that they can’t find enough workers have led 22 states to prematurely end a $300-a-week federal unemployment benefit, which comes on top of. Twenty states have ended their participation in two other federal programs — one of which provides benefits to the self-employed and gig workers and another that serves people who have been out of work for six months or longer.
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