The number of Americans applying for unemployment benefits rose last week but remained at historically low levels, suggesting that the job market remains strong.
SCDEW says first time unemployment insurance claims shot up by over 2,000 last week.
The U.S. economy is entering the new year with serious momentum, with average weekly jobless claims near the lowest level in 52 years. The unemployment rate was down to 4.2% in November, but economists say five risk factors could quickly change all that.
Consumer News: Weekly unemployment claims at lowest in 52 years, flight cancellations continue to pile up
SCDEW reports a decrease in first time unemployment insurance claims filed last week.
The number of Americans applying for unemployment benefits fell below 200,000, more evidence that the job market remains strong in the aftermath of last year’s coronavirus recession.
SCDEW says more than 1,200 people filed initial unemployment claims in South Carolina last week.
The number of Americans applying for unemployment benefits rose last week despite signs that the U.S. labor market is rebounding from last year’s coronavirus recession.
SCDEW says there was a decrease in the number of first time unemployment insurance claims filed in the state last week.
The South Carolina Department of Employment and Workforce is reporting the lowest weekly totals of unemployment claims since the pandemic began.
