US filings for jobless benefits jump to 258,000, the most in more than a year

US jobless claims jump to a year high, partly boosted by Helene

Applications for U.S. unemployment benefits rose last week to the highest in over a year, reflecting large increases in Michigan, as well as states affected by Hurricane Helene.

US Jobless Claims Hit 258,000, the Most In a Year. Analysts Point to Hurricane Helene, Boeing Strike

The number of Americans filing for for unemployment benefits last week jumped to its highest level in a year, which analysts are saying is more likely a result of Hurricane Helene — and the Boeing machinist strike — than a broader softening in the labor market. The Labor Department reported Thursday that applications for jobless claims jumped by by 33,000 to 258,000 for the week of Oct. 3. That’s the most since Aug. 5, 2023 and well above the 22…

Weekly Jobless Claims Surge to 14-Month High as Hurricane Helene Fallout Begins

Weekly unemployment claims climbed to their highest level in more than a year as the economy began to endure the economic fallout of Hurricane Helene. For the week ended Oct. 5, initial jobless claims surged by 33,000, to 258,000, the highest number since the beginning of August 2023, according to new Department of Labor data. The reading topped the consensus estimate of 230,000. The fallout of Hurricane Helene could have fueled some of the high…

Jobless Claims Higher Than Expected

Jobless claims jumped by 33,000 last week. The total number of claims was 258,000, 230,000 were expected. Breitbart reported: The number of Americans filing for unemployment benefits jumped significantly last week, the Labor Department reported Thursday, as claims surged by 33,000 to 258,000 in the week ending October 5. This marks the highest level of new claims since early August, signaling potential softening in the labor market. Claims were …

Jobless Claims Jump to 258,000, Higher Than Expected

Claims were likely boosted by hurricane Helene. The post Jobless Claims Jump to 258,000, Higher Than Expected appeared first on Breitbart.

US Filings for Jobless Benefits Jump to 258,000, the Most in More Than a Year

The number of Americans filing for for unemployment benefits last week jumped to their highest level in a year, a possible sign of softness in the labor market.