Business Standard

Weekly US jobless claims rise to 248,000 for the first time in a month

More Americans applied for employment benefits last week following three straight weeks of declines.

US Jobs

US Jobs (Photo: Bloomberg)

AP Washington
More Americans applied for employment benefits last week following three straight weeks of declines.
Jobless claims rose by 23,000 to 248,000 last week, the Labour Department reported Thursday. Claims were revised up to 225,000 the previous week.
The four-week average for claims, which compensates for weekly volatility, fell by 10,500 to 243,250. It was the second straight week of declines after rising for five straight weeks as the omicron variant of the coronavirus spread, disrupting business in many parts of the US

In total, fewer than 1.6 million Americans were collecting jobless aid the week that ended February 5, a decrease of about 26,000 from the previous week.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Feb 17 2022 | 8:30 PM IST

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