Thursday, February 29, 2024

More than 1.4 million Americans file new unemployment claims

by BIZ Magazine

By Dan McCaleb | The Center Square

More than 1.4 million American workers filed new unemployment claims last week, an increase over the previous week as new restrictions are being put in place to slow the spread of COVID-19.

According to the U.S. Department of Labor, 1.43 million workers filed new claims for unemployment benefits in the week ending July 25, up 12,000 from the week ending July 18. It was the second week in a row that new claims increased.

Continuing claims, which count workers who filed for unemployment benefits at least two weeks in a row, were at 16.9 million.

“The advance unadjusted insured unemployment rate was 11.6 percent during the week ending July 18, an increase of 0.4 percentage point from the prior week,” the labor department said. The unemployment rate report lags new claims by a week.

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