- June 17, 2021
- Posted by: Stratford Team
- Category: Business
Rep. Kevin Brady, R-Texas, argues Biden’s push to undo Trump-era policies will impact American families and job growth.
The number of Americans filing for first-time jobless benefits unexpectedly rose off a pandemic low last week, according to the Department of Labor.
Data released Thursday showed 412,000 Americans filed for first-time unemployment benefits in the week ended June 12, above the 359,000 that analysts surveyed by Refintiv were expecting. The prior week’s reading was revised down by 1,000 to 375,000.
Continuing claims for the week ended June 5, meanwhile, ticked up by 1,000 to 3.518 million. Analysts surveyed by Refintiv anticipated a decline to 3.43 million.
FED’S POWELL SAYS ALL AMERICANS WILL HAVE JOB OPPORTUNITIES AS ECONOMY RECOVERS
The unexpected uptick in jobless claims comes as the U.S. economy is suffering through a labor shortage as many workers would rather collect benefits that include an additional $300 weekly check….
