- Initial claims for regular state unemployment insurance totaled 419,000 for the week ending July 17, a rise of 51,000 from the previous week’s tally of 368,000. The revised results suggest weekly initial claims may be plateauing around the 400,000 level.
- The number of ongoing claims for state unemployment programs totaled 3.126 million for the week ending July 3, a drop of 114,711 from the prior week. The latest reading is the 15th consecutive week below 4 million.
- While labor shortages continue across many industries, labor force participation remains low, making filling jobs more difficult. Furthermore, the Delta variant is raising concerns and boosting uncertainty.
For further details see:
Weekly Initial Claims For Unemployment Benefits May Be Plateauing Again