Claims for US Jobless Aid Rise by 12,000 to 272,000 - WBOC-TV 16, Delmarvas News Leader, FOX 21 -

Claims for US Jobless Aid Rise by 12,000 to 272,000

Posted: 09/28/2017 09:16:00 -04:00 Updated:
(Photo: AP) (Photo: AP)

WASHINGTON (AP)- The number of Americans applying for unemployment benefits rose by 12,000 last week to 272,000 as Florida continued to absorb the economic impact of Hurricane Irma.

NUMBERS: The Labor Department said Thursday that the less-volatile four-week average rose by 9,000 to 277,750, highest since February 2016. Overall, the number of Americans collecting unemployment checks has fallen nearly 7 percent over the past year to 1.93 million.

KEY DRIVERS: In the aftermath of Irma, claims rose 81 percent in Florida and 66 percent in Georgia from a week earlier. But claims fell 29 percent in Texas as the economic impact of Hurricane Harvey continued to fade. Labor Department figures show claims fell last week in Puerto Rico, reeling from Hurricanes Irma and Maria. But the picture is unclear because Maria disrupted the collection of data.

THE TAKEAWAY: Unemployment claims are a proxy for layoffs. Despite the impact of the storms, the overall level of claims remains low, suggesting that most American workers enjoy job security. The unemployment rate is at 4.4 percent, near a 16-year low.

Employers are adding an average 176,000 jobs a month so far in 2017, solid but down from 187,000 a month last year and 226,000 a month in 2015. Many businesses complain that they can't find enough workers.

  • Delmarvawide NewsDelmarvawide NewsMore>>

  • Kent County Approves Plan to Deal With Feral Cat Colonies

    Kent County Approves Plan to Deal With Feral Cat Colonies

    Aug 14, 2018 11:37 PM2018-08-15 03:37:00 GMT
    Tuesday, August 14 2018 11:37 PM EDT2018-08-15 03:37:26 GMT
    DOVER, Del. --- Kent County Levy Court Commissioners on Tuesday approved spending $10,000 to target four feral cat colonies around central Delaware. Commissioners approved a Trap, Neuter, and Return program carried out by Faithful Friends that will targetMore
    DOVER, Del. --- Kent County Levy Court Commissioners on Tuesday approved spending $10,000 to target four feral cat colonies around central Delaware. Commissioners approved a Trap, Neuter, and Return program carried out by Faithful Friends that will targetMore
  • Hoopers Island Waterman Catches Large Bullshark in Chesapeake Bay

    Hoopers Island Waterman Catches Large Bullshark in Chesapeake Bay

    Aug 14, 2018 10:35 PM2018-08-15 02:35:00 GMT
    Tuesday, August 14 2018 10:35 PM EDT2018-08-15 02:35:14 GMT
    Larry "Boo" Powley says his Monday morning was a little bit more eventful than he had planned.  After a 300 lb. bull shark got caught in his fishing net, he says his phone has been ringing non-stop.More
    Larry "Boo" Powley says his Monday morning was a little bit more eventful than he had planned.  After a 300 lb. bull shark got caught in his fishing net, he says his phone has been ringing non-stop. More
  • Watermen, Chesapeake Bay Brace for More Water, Pollution

    Watermen, Chesapeake Bay Brace for More Water, Pollution

    Aug 14, 2018 10:08 PM2018-08-15 02:08:00 GMT
    Tuesday, August 14 2018 10:08 PM EDT2018-08-15 02:08:02 GMT
    (Photo: WBOC)(Photo: WBOC)
    (Photo: WBOC)(Photo: WBOC)
    For the second time in the past four weeks. flooding has decimated a number of towns in Northern Pennsylvania.More
    For the second time in the past four weeks. flooding has decimated a number of towns in Northern Pennsylvania. More
Powered by Frankly

All content © Copyright 2000 - 2018 WBOC. All Rights Reserved. For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices