Initial Jobless Claims Unexpectedly Rise

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Fisher Investments SVP of Research Mike Hanson, Morgan Stanley, Senior VP of Investments Jim LaCamp and ‘Payne Points of Wealth’ host discuss the economic recovery, market growth and cryptocurrency. More Americans filed for first-time jobless benefits last week despite a decline in new COVID-19 cases and the impact of Hurricane Ida subsiding. The number of Americans filing for first-time unemployment benefits rose by 11,000 to 362,000 in the week ended Sept. 25, according to the Labor Department. Analysts surveyed by Refinitiv were expecting the number of first-time filings to decline to 335,000. “Negative surprise alert: New jobless claims have risen for a third straight week,” said Mark Hamrick, senior economic analyst at Bankrate. “The latest increase confounded hopes for improvement. It appears to have been spurred, at least in …

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www.foxbusiness.com/economy/initial-jobless-claims-september-25

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