US Jobless Claims Edge Up, But Strikes and Hurricane Helene Create Uncertainty
The number of Americans filing for unemployment benefits rose by 6,000 last week, reaching a seasonally adjusted 225,000 for the week ending September 28, according to the U.S. Labor Department. While this increase is slightly above economists’ forecast of 220,000 claims, it remains within levels that indicate a stable labor market, supported by low layoff rates.
Impact of Hurricane Helene on Labor Market
Hurricane Helene, which recently swept across the southeastern U.S., is expected to temporarily distort labor market data. The hurricane devastated infrastructure and homes in states such as North Carolina, South Carolina, Georgia, Florida, Tennessee, and Virginia. It also claimed the lives of at least 162 people. Recovery efforts, which Homeland…
Read More
