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U.S. Initial Jobless Claims Unexpectedly Rose for a Second Week

Published 09/23/2021, 08:33 AM
Updated 09/23/2021, 08:36 AM
© Bloomberg. A worker puts down a table cloth at a restaurant in San Francisco. Photographer: David Paul Morris/Bloomberg

(Bloomberg) -- Applications for U.S. state unemployment benefits unexpectedly rose last week, a sign of choppy weekly data as the labor market continues its broad recovery.

Initial unemployment claims in regular state programs rose to 351,000 in the week ended Sept. 18, Labor Department data showed Thursday. The median estimate in a Bloomberg survey of economists called for a decrease to 320,000 new applications.

Continuing claims for state benefits increased to 2.8 million in the week ended Sept. 11.

The rise in claims reflects the volatility in weekly data as the figure has broadly declined throughout the economic recovery.

Looking ahead, economic growth is expected to slow in the third quarter amid a pullback in stimulus spending. The end of federal pandemic benefits has not yet led to an increase in job applications, according to employers across industries.

©2021 Bloomberg L.P.

© Bloomberg. A worker puts down a table cloth at a restaurant in San Francisco. Photographer: David Paul Morris/Bloomberg

Latest comments

am happy to see my self at here
Great news!!! More credit printing for wallstreet and more homeless people !!!
hello
Time to move on to another app!
Bye felicia
Time to delete this app!
135,000+ new Covid infections daily with over 2250 daily deaths in the US. No wonder why people aren't rushing back into the workforce. Until GQP politicians and their less than bright supporters get real in taking action to control this pandemic spreading unchecked in the US no one should expect anything but hesitancy in people returning to work. If I didn't retire just before the pandemic was given the green light to spread across our Nation by the fat golfer and his minions, I would have retired immediately after the fat golfer and GQP claimed the pandemic was a hoax. I was lucky and got out before they did all they could to help the virus spread across the country and place US Citizens in danger at work.
Pfft! The vaccine prevents serious illness, death, the overwhelming of our hospitals by the seriously ill less than bright, reduces medical staff exposure to a deadly virus, and WILL STOP THE SPREAD when enough people get immunized but do us all a favor and don't get it. Show us all you know more than the doctors do.
Project much?
"Thin the herd" is the phrase that anti-vaxxers are using. Little do they realize they are the ones being thinned out....
Unexpectedly, anyone with half a brain would have expected the rise with the impact from increased covid-19 and the hurricanes effecting the golf coast and other severe flooding.
biggest recession we all citizens are pushed by these world leaders by giving free EMI and money to market and *******the actual purchase power of us😭😭
Gotta love those economists, when their numbers r wrong they always use the word ‘unexpected’. They r so predictable.
It is difficult to make predictions, especially about the future.
unfortunately it is coloured red on the investing.com calendar
So when's that taper gonna happen, again, Mr. Powell? 😂
I guess millions of illegals pouring through the border providing companies with attractive cheap labor causes an "unexpected" rises in unemployment. Who would have thought...
I Still don't understand what here was unexpected??
Just expect that the experts expect the expected to be unexpected.
because vaccine mandates imposed and people laying off because of it.
Which one? Flu, tetanus, hep a, hep b, polio, measles, chickenpox? There are mandates for tons of vaccines across all states and to serve, can you be more specific?
 Perhaps a vaccine that was rushed through clinical development and was approved for emergency use just a few months after created?
Hmm. Why aren’t people working?
lol... just lol... gamblers made several happy rally on good data and now what? new rally i guess
Fed drives non sense liquidity that is headed towards bubble speculation and shoot the inflation higher to the 80 level!!!, silly price's for metals energy and food are growing the unemployment!
meanwhile companies are begging for help. how many of these are unvaccinated who are begging to exit because of the mandate?
what did you expect? you mandate people to get something they don't want, and that's their choice
Let them exit the workforce! I would only hire vaccinated people to help prevent others FROM GETTING SERIOUSLY ILL. Who needs people working for them that are more than eager to spread a deadly virus throughout their company's workforce?
how can I start
Real unemployment around the world is up, just the begining
350k unemployed, 2k deaths daily this is the super power progress after printing trillion the new world order is coming be ready for it
I am still waiting for the flying cars they predicted in the fifties.
I really appreciate it
Unexpectedly?!? 🤣🤣🤣
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