Syndication: Gainesville Sun
WASHINGTON (AP) — More Americans applied for jobless aid last week, but the total number of Americans collecting unemployment benefits is at a 53-year low. Applications for unemployment benefits rose by 21,000 to 218,000 for the week ending May 14, the Labor Department reported Thursday.
Unemployment Insurance Weekly Claims
Initial claims were 218,000 for the week ending 5/14 (+21,000).
Insured unemployment was 1,317,000 for the week ending 5/7 (-25,000).https://t.co/ys7Eg5LKAW
— U.S. Department of Labor (@USDOL) May 19, 2022
First-time applications generally track the number of layoffs. The four-week average for claims, which smooths out some of the weekly volatility, rose 8,250 from the previous week to 199,500.
The total number of Americans collecting jobless benefits for the week ending May 7 fell again from the previous week, to 1,317,000. That’s the fewest since December 27, 1969.
