Jobless Claims Surge in Storm-Hit Carolinas, Boosting U.S. Total
The U.S unemployment rate is close to the lowest since 1969 and employers are citing a shortage of skilled workers.
(Bloomberg) -- Filings for U.S. unemployment benefits rose last week, reflecting jumps in states hit by Hurricane Florence, though the national figure remains near the lowest in almost five decades, Labor Department figures showed Thursday.
Highlights of Jobless Claims (Week Ended Sept. 22) |
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Key Takeaways
The increase in weekly claims reflects an almost fivefold jump to about 10,000 in North Carolina and a more than doubling to nearly 3,400 in South Carolina, two states grappling with flooding and damage from Florence. The jump is expected to prove temporary, similar to the pattern from previous major storms, such as Harvey and Irma in 2017.
The trend in unemployment-benefits applications continues to indicate steady business demand for workers, which is projected to be reinforced by the September payrolls report due next week.
The unemployment rate is close to the lowest since 1969 and employers are citing a shortage of skilled workers.
Other Details- Prior week’s reading was revised to 202,000 from 201,000
- Unemployment rate among people eligible for benefits unchanged at 1.2 percent
--With assistance from Chris Middleton.
To contact the reporter on this story: Shobhana Chandra in Washington at schandra1@bloomberg.net
To contact the editors responsible for this story: Scott Lanman at slanman@bloomberg.net, Jeff Kearns
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