Monday, June 23, 2025

US Initial Jobless Claims Unexpectedly Rise for Two Consecutive Weeks

Despite showing signs of a decline just two weeks ago, the number of Americans filing for unemployment benefits for the first time has risen back up past 700,000. The latest figures come despite ongoing economic reopenings across the country.

According to latest data published by the US Department of Labour, initial jobless claims for the week ending on April 3 rose by 16,000 to 744,000, following a revised print of 728,000 in the previous week. Economists surveyed by Bloomberg had expected a total of 680,000 claims, suggesting that the ongoing labour market recovery continues to remain volatile, despite a broader economic rebound.

The latest print comes a week after the nonfarm payrolls report for March showed an increase of 916,000, marking the largest job gain since August 2020. In the meantime, continuing claims provided an optimistic view on the US labour market, as the total fell by 16,000 to 3.73 million— the lowest since March 21, 2020.

The unexpected rise in claims shows that the US labour market still has a long road ahead until a pre-pandemic recovery is achieved, and the millions of jobs lost throughout the pandemic are recouped. Nonetheless, companies and businesses are expected to increase hiring over the coming months, especially as Covid-19 restrictions ease and the vaccination rollout accelerates.


Information for this briefing was found via the US Department of Labour and Bloomberg. Thee author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Tudor Gold x American Creek: Consolidating A Massive Gold Project

Aura Minerals: The Era Dorada Underground PEA

Gold Is Now Smart Money’s End Game | Doug Casey

Recommended

Goliath Resources Closes Out Funding Round With Total Gross Proceeds Of $27.1 Million

Silver47 Kickstarts 4,000 Metre Drill Campaign At Red Mountain Project

Related News

US Sees Initial Weekly Jobless Claims Rise Above 1,000,000 Again

It appears that the celebration put on last week following positive unemployment data was short...

Thursday, August 20, 2020, 12:08:00 PM

US Initial Jobless Claims Unexpectedly Exceed Forecasts

US initial jobless claims surprisingly jumped by more than expected last week, despite optimistic sentiment...

Thursday, July 22, 2021, 03:40:23 PM

2020 Comes to an End With Nearly 20 Million Americans Still Collecting Unemployment Benefits

With the end of 2020 closing in, the number of initial jobless claims in the...

Saturday, January 2, 2021, 03:47:00 PM

US Hits Another 5.2M Jobless Claims

This morning the Department of Labor announced the Initial Jobless Claims for the week ended...

Thursday, April 16, 2020, 10:06:17 AM

US Initial Jobless Claims on the Rise Again as Soaring Covid Cases Crush Labour Market

The US labour market recovery appears to be stalling amid a surge in coronavirus cases...

Wednesday, November 25, 2020, 02:30:00 PM