The number of new jobless claims edged up again for a third consecutive week, reaching 362,000 for the week ending September 25, up 11,000 over the last week’s unrevised 351,000.
Source: US Department of Labor
DXY down -0.16%, EUR USD down -0.10%
This week’s report is the first that fully reflects the September 6 national expiry of federal enhanced unemployment benefits. Some analysts had argued that the end of extra benefits might push more people to return to work.
The unemployment rate stood at 2% for the week ending September 18, a decrease of 0.1% from the previous week’s unadjusted rate. The advanced number for seasonally insured unemployment was 2.8 million, 18,000 lower than the prior week’s level.
The states with the highest unemployment rates for the week ending September 11 were Puerto Rico, California, the District of Columbia, Oregon, Alaska, Nevada, and New Jersey.
The largest increase in initial claims for the week ending September 18 was in California, Virginia, Ohio, Oregon, and Maryland. The biggest decreases were in Louisiana, New York, Missouri, Oklahoma, and New Mexico.
