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US weekly jobless claims jump the most since March as America’s labor-market recovery falters

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The number of Americans filing for unemployment benefits jumped last week as rising COVID-19 cases continued to cut into the labor market’s recovery.

New US jobless claims totaled an unadjusted 965,000 for the week that ended Saturday, the Labor Department announced Thursday. That comes in well above the 800,000 claims expected by economists surveyed by Bloomberg. The reading is also greater than the previous week’s revised total of 784,000, and reflects the biggest increase since March.

Continuing claims, which track Americans receiving unemployment-insurance payments, gained to 5.3 million for the week that ended January 2. That came details ⇒

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