U.S. Unemployment Compensation Claims Rise Again
Washington, DC, United States (AHN) – Initial jobless claims rose again last week after falling to the lowest levels in two years the week before, according to the United States Department of Labor.
The advance figures for seasonally adjusted initial claims for the week ending Nov. 27 was 436,000, an increase of 26,000 from the previous week’s revised figure of 410,000. Most analysts were only expecting 422,000 new claims.
Most economists say that initial jobless claims must fall below 40,000 weekly before the current 9.6 percent unemployment rate will fall much.
Although nearly 40 percent of working-age Americans are unemployed, only 3.4 percent of jobless workers qualify for unemployment compensation benefits, according to the DOL.
Nationwide, 8,909,882 people claimed jobless benefits for the week ending Nov. 13, the latest week for which those figures are available.
States with the highest insured unemployment rates for the week ending Nov. 13 were Alaska (6.3 percent), Oregon (4.6), Pennsylvania (4.2), California (4.1), New Jersey (4.0), Nevada (3.9), Arkansas (3.6), Connecticut (3.6), Illinois (3.6), and Montana (3.6).
Extended unemployment benefits were available in the District of Columbia and 35 states.
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