US JOBLESS CLAIMS TICK UP TO 412,000 FROM A PANDEMIC LOW

WASHINGTON- The number of Americans applying for unemployment benefits rose last week for the first time since April despite widespread evidence that the economy and the job market are rebounding steadily from the pandemic recession. The Labor Department said Thursday that jobless claims rose 37,000 from the week before. As the job market has strengthened, the number of weekly applications for unemployment aid has fallen for most of the year. The number of jobless claims generally reflects the pace of layoffs.

Though jobless claims have tumbled since the start of 2021, when they exceeded 900,000, they remain high by historical standards. Before the pandemic paralyzed the economy in March 2020, unemployment applications were running at about 220,000 a week.

In Thursday’s report, the government said a total of 3.5 million Americans were continuing to collect traditional state unemployment benefits in the week ending June 5, up by just 1,000 from the week before.

Many states, though, are set to begin dropping the supplemental federal jobless aid this month.

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