Initial claims for unemployment insurance jumped by nearly 13,000 last week, while the previous week’s claims revised up by 55,000–a pointed reminder of the uneven pace of the country’s economic recovery.
Employers added 49,000 jobs in January, the Bureau of Labor Statistics reported Friday. And while the unemployment rate fell from 6.7% to 6.3%, Americans are still dealing with nearly 10 million jobs fewer than a year ago as a result of the coronavirus pandemic.
Initial claims for unemployment insurance fell for the third straight week to their lowest level since November, the Labor Department reported yesterday, signaling the economy could be heading toward more stable footing.
Initial claims for unemployment insurance fell to 847,000 for the week ending Jan. 23, the Labor Department reported yesterday, a reminder that numbers will continue to remain elevated until a comprehensive pandemic response takes hold.