Breaking: Unemployment Claims Rise to Highest Point Since September as States Reimpose COVID Lockdowns

The Labor Department announced on Thursday that about 885,000 Americans filed unemployment claims last week, the highest weekly total since September.

Last week’s claims rose from the 862,000 recorded during the previous week, and come amid rising coronavirus cases, hospitalizations, and deaths across the U.S. Average weekly jobless claims from before the pandemic totaled roughly 225,000.

“The next few months will be pretty rough for the labor market as you do see businesses having to contend with this latest wave of Covid cases,” Wells Fargo Securities senior economist Sarah House told the Wall Street Journal. “You are seeing those government restrictions coming into play again.”

Unemployment Claims Rise to Highest Point Since September as States Reimpose COVID Lockdowns The Labor Department announced on Thursday that about 885,000 Americans filed unemployment claims last ... READ MORE ADVERTISEMENT Follow Us & Share 19 West 44th Street, Suite 1701, New York, NY, 10036, USA Your Preferences | Unsubscribe | Privacy View this e-mail in your browser.