Editorial: Tough times

Initial unemployment claims in the US have increased for a second straight week to 351,000, indicating a disrupted labour market recovery amid an ongoing Delta variant-fuelled Covid-19 resurgence, the Labour Department reported.

This September, the number of Americans filing for unemployment benefits increased by 16,000 from the previous week’s upwardly revised level of 335,000, according to a report released on Thursday by the Department’s Bureau of Labour Statistics. The four-week moving average, a method to iron out data volatility, however, decreased by 750 to 335,750, reports Xinhua news agency.

In recent months, initial jobless claims hit fresh lows on multiple occasions in the pandemic era, but the declining trend was repeatedly reversed, indicating a bumpy economic recovery. The jobless claims report also showed that the number of people continuing to collect regular state unemployment benefits in the week ending September 11 increased by 131,000 to 2.8 million.

 

NT Bureau