WASHINGTON (AP) — The number of Americans applying for unemployment benefits rose for the third straight week, a sign that the highly contagious delta variant may be slowing a recovery in the job market. Claims rose unexpectedly by 11,000 last week to 362,000, the Labor Department said Thursday, though economists had been expecting claims to go in the opposite direction. The four-week moving average of claims, which smooths out week-to-week ups and downs, rose for the first time in seven weeks to 340,000. “Overall, the jump in claims in the last three weeks bears close watching but is not yet alarming,″ Contingent said. Altogether, 2.8 million Americans were receiving some type of jobless aid the week of Sept. 18, down by 18,000 from the week before.


Source:   Egypt Independent
September 30, 2021 13:07 UTC