New US jobless claims shot up by 181,000 last week: govt

Washington (AFP) – New applications for unemployment benefits rose sharply in the first week of 2021, with a surge of 181,000 — the biggest increase since the coronavirus pandemic began in March, the Labor Department said on Thursday. The 965,000 new claims filed in the week ended January 9 was far worse than analysts expected and comes as the world’s largest economy continues to reel from a recent spike in virus cases, which have forced states to restrict businesses again. In addition, 284,470 people applied for benefits under a program passed during the pandemic to help workers not normally…

Read More

HEDGE accordingly