Rise in U.S. Weekly Jobless Claims Belies İmproving Labor Market Conditions

02 April 2021

The number of Americans filing new claims for unemployment benefits unexpectedly rose last week, though the labor market recovery is gaining traction as economic activity picks up, driven by increased vaccinations and massive fiscal stimulus. Initial claims for state unemployment benefits jumped 61,000 to a seasonally adjusted 719,000 for the week ended March 27, the Labor Department said. Data for the prior week was revised to show 26,000 fewer applications received than previously reported, pushing total filings down to 658,000.
Source : Reuters
Post by  : Republic of Turkey Ministry of Trade