State-Level Variations and Industry-Specific Layoffs
Several states experienced notable changes in jobless claims. California reported the highest increase, with 4,280 additional claims, while Texas and Virginia also saw sizable upticks. Layoffs in manufacturing, administrative services, transportation, and food services contributed to these increases. In contrast, New York saw a sharp decline in claims, with 15,113 fewer filings, reflecting fewer layoffs in construction, transportation, and warehousing.
Despite the rise in insured unemployment, the unadjusted initial claims total fell by 7,502 to 206,503, a decline of 3.5%. However, this was less than the expected seasonal decrease of 9,285, indicating that job losses may not…
Read More
