Weekly Jobless Claims Reach Alarming Number
Jobless claims unexpectedly rose last week as states reimposed coronavirus restrictions as lawmakers struggle to push through new government aid, according to a Labor Department report Thursday.
The number of first-time unemployment-benefits filers totaled 885,000 in the week ending Dec. 12, the most since the week of Sept. 5. Economists polled by Dow Jones expected initial claims to fall to 808,000.
Initial claims for the previous week were revised higher by 9,000 to 862,000.
In all, 20.6 million Americans were receiving some kind of unemployment benefits through Nov. 28, the report said. KEEP READING