Jobless claims spike is a 'surprise' -investor

The number of Americans filing new claims for unemployment benefits rose further last week as California moved more people to another program following the expiration of government-funded aid early this month to maximize their access to assistance.

Initial claims for state unemployment benefits rose 11,000 to a seasonally adjusted 362,000 for the week ended Sept. 25. That was the third straight weekly increase.

Walthour also thinks people who are scared of COVID-19 are staying out of the workforce and workers who rather get fired than take the vaccine are two other factors pushing unemployment higher in recent weeks.

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting