Economy

U.S. unemployment claims fell last week to 310,000, a pandemic low and a sign that rising COVID-19 cases have yet to lead to widespread layoffs.

America’s employers added just 235,000 jobs in August, a modest gain after two months of robust hiring at a time when the delta variant’s spread has discouraged some people from flying, shopping and eating out.

U.S. unemployment claims rose for the first time in five weeks even though the economy and job market have been recovering from the pandemic.

House Democratic leaders have compromised with moderates and muscled President Joe Biden’s multitrillion-dollar budget blueprint over a key hurdle.

The U.S. Labor Department reported Thursday that unemployment claims fell last week for a fourth straight time to a pandemic low of 348,000.

Hiring surged in July as U.S. employers added 943,000 jobs. The unemployment rate dropped to 5.4% from 5.9% in June.

The number of Americans seeking unemployment benefits fell last week to 385,000. The applications have mostly fallen steadily since early January.

The number of jobless claims increased last week to 419,000, the most in two months, from a pandemic low of 368,000 during the previous week.

Fears of the spreading delta variant of the coronavirus prompted a slide in stocks on Monday. Airlines, hotels, cruise ships, and other tourism-based companies had some of the biggest stock losses.

The United States set another pandemic low in this week's jobs report, showing only 360,000 first-time filers for unemployment.

U.S. employers added 850,000 jobs in June 2021, well above the average of the previous three months, the Labor Department said.

The number of Americans applying for unemployment benefits declined 7,000 from the previous week to 411,000, the Labor Department said.

The Labor Department said jobless claims in the U.S. rose 37,000 from the week before to 412,000, an increase for the first time since April.

The number of Americans claiming unemployment benefits fell for the sixth straight week as the U.S. economy reopens rapidly from pandemic woes.

Chipotle announced it would be raising menu prices by as much as 4% to offset the cost of the employee pay raises announced last month.

U.S. employers in May added 559,000 jobs, which was better than April but still a sign that many companies are struggling to find enough workers.

Unemployment benefit applications in the U.S. have dropped to 385,000, down 20,000 from the week before.

Biden reiterated his determination to invest in the trillion American Jobs Plan and trillion American Families Plan.