news paper: Business Highlights: Spending Rises, Jobless Claims Tick Up

Business Highlights: Spending Rises, Jobless Claims Tick Up

The number of Americans seeking unemployment benefits moved up last week to 332,000 from a pandemic low, a sign that worsening COVID19 infections may have slightly increased layoffs. Applications for jobless aid rose from 312,000 the week before, the Labor Department said Thursday. Jobless claims, which generally track the pace of layoffs, have fallen steadily for two months as many employers, struggling to fill jobs, have held onto their employees. Two weeks ago, jobless claims reached their lowest level since March 2020.

from Top Politics News- News18.com https://ift.tt/2XuT7yo

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