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News in English (USA) / 10.10.2024 / 18:00

Surge in US Jobless Claims as Hurricane Helene and Strikes Impact Labor Market

US initial jobless claims have surged to 258,000, marking the highest level in over a year. Analysts attribute this increase partly to the disruptions caused by Hurricane Helene and labor strikes, particularly one affecting Boeing. The spike reflects a significant rise of 33,000 from previous figures, with expectations having been set at around 230,000. This trend comes ahead of the September unemployment report, indicating potential shifts in the labor market due to these external factors. Despite the rise in claims, layoffs remain historically low, suggesting that the broader labor market may still be on firmer ground.
The Associated Press, Greater Baton Rouge Business Report, MarketWatch, Reuters, ForexLive, Seeking Alpha, Barchart, Bloomberg, Newsweek, Detroit News