Breaking News
0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

U.S. Jobless Claims Rose Again Last Week, Defying Hopes for Fall

Economic IndicatorsApr 08, 2021 08:39AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters.

By Geoffrey Smith 

Investing.com -- The recovery of the U.S. labor market from the Covid-19 pandemic remains uneven, official data showed on Thursday, as layoffs appeared to tick up again.

The number of people filing initial claims for jobless benefits rose to 744,000, defying expectations for a drop to 680,000. The previous week’s number was also revised up a touch.

The numbers come only a week after the monthly labor market report for March showed the U.S. economy creating jobs at its fastest rate in months.

Continuing claims, which are reported with a one-week lag to initial ones, did fall modestly to 3.734 million, from an upwardly-revised figure of 3.750 million the previous week. Meanwhile, the overall number of people claiming benefits under unemployment-related programs fell by 51,000 to 18.165 million. 

Weekly numbers from the Labor Department have been subject to a high degree of volatility, as various states appear to have had problems processing and evaluating their data. 

"It's a surprise that jobless claims aren't improving more quickly," Daniel Zhao, senior economist at Glassdoor, said via Twitter. "The increase over the last 2 weeks is moderately concerning—claims should be falling."

The minutes from the Federal Reserve's last policy meeting, released on Wednesday, had again listed the high level of unemployment as the chief reason why it won't wind down the aggressive monetary stimulus that has now been in place for over a year. While the labor market report showed the economy had created 917,000 jobs in March, overall net job destruction since the start of the pandemic is still around 10 million.

 

 

U.S. Jobless Claims Rose Again Last Week, Defying Hopes for Fall
 

Related Articles

Argentina inflation seen heating up again in March
Argentina inflation seen heating up again in March By Reuters - Apr 13, 2021 1

By Hernan Nessi BUENOS AIRES (Reuters) - Argentina's stubbornly high inflation is expected to heat up again in March, according to a Reuters poll of analysts, creating pressure...

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (16)
Anthony Anthony
Anthony Anthony Apr 08, 2021 4:08PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Send these jobless to Iraq to dig trenches or something.
perplexed76 .
perplexed76 . Apr 08, 2021 12:42PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
wow gamblers rushed the last two days on some strong jobs data, now then they get official strict jobs data they angrily ignoring it.
Casador Del Oso
Casador Del Oso Apr 08, 2021 9:51AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
The business tax increases will cause unemployment increases. Look out below!
Evgeny Syrtsov
Evgeny Syrtsov Apr 08, 2021 9:36AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
r e c o v e r y
Ronald Warren
Ronald Warren Apr 08, 2021 9:03AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
It irritates me that the publicized number for continuing claims is 3+million, but at the end of the paragraph, it reads the actual number of 18+million receiving benefits.
Me comment
Me comment Apr 08, 2021 9:03AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Agree, all these article are nothing but click bait and provide little credible information.
Anna Kaliszewska
Anna Kaliszewska Apr 08, 2021 8:56AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Everyone wants free money why should people work?
HG Guti Nav
HG Guti Nav Apr 08, 2021 8:54AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Know a lot of peple claiming the benefit without needing it just to fool the government.
Christian Immanuel
Christian Immanuel Apr 08, 2021 8:54AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Yeah. People will claim if they are entitled whether they need it or not. Why would you reject free money?
Mousty Mousty
Mousty Mousty Apr 08, 2021 8:54AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
just make people work for There money stop giving it away its just ridiculous the way they think
Mousty Mousty
Mousty Mousty Apr 08, 2021 8:52AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
damn govt! make people work for money bring joblesse is easy thèse Days u Say covid and bam 2000 in ur account ridiculous
John Healy
John Healy Apr 08, 2021 8:47AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Unemployment benefits have become less a bridge; more a path. If the U.S. government continues to disincentivize returning to work, people will continue to take unfair advantage.
Ron Love
Ron Love Apr 08, 2021 8:47AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
True
Erick Marlissa
MrEric Apr 08, 2021 8:46AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Well, not all companies in the game yet...some still struggling to survive
himanshu patel
himanshu patel Apr 08, 2021 8:45AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Thank that to people choose to sit home cause of all the free umemploymemy money dolled out
Tobias Schrøder
Tobias Schrøder Apr 08, 2021 8:44AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Gold Will benefit from this
Jabie Bulie
Jabie Bulie Apr 08, 2021 8:44AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
When U. S. employees are paid to not work, then the natural result is an increase in jobless claims !!
CHAD TENDIES
CHAD TENDIES Apr 08, 2021 8:43AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
744k jobless claims is more than at the height of the 2008 financial crisis. What recovery?
Tiberius Augustus
Tiberius Augustus Apr 08, 2021 8:43AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
I think people forgot , ATH
Ricer Ricer
Ricer Ricer Apr 08, 2021 8:43AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
well... we now have bigger and newer printers....
Ricer Ricer
Ricer Ricer Apr 08, 2021 8:43AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
well... we now have bigger and newer printers....
Ricer Ricer
Ricer Ricer Apr 08, 2021 8:43AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
well,we now have bigger and newer printers.
Saint Dabow
Saint Dabow Apr 08, 2021 8:43AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
No surprise here when you extend unemployment
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email