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This story originally appeared on ValueWalk
First-time unemployment claims increased again last week. The Labor Department reports that an additional 853,000 Americans filed for first-time unemployment benefits after seasonal adjustments. According to CNN, this was the highest number of claims since the middle of September.
Without seasonal adjustments, first-time unemployment claims amounted to almost 950,000 for the week.
First-time unemployment claims on the rise
The number of first-time unemployment claims increased from the previous week. It was the third time there was a week-over-week increase in the last four weeks. The decline last week followed the Thanksgiving holiday.
In addition to standard unemployment applications, 427,609 people filed under the Pandemic Unemployment Assistance Program, which assists self-employed individuals. The number isn t seasonally adjusted, and it also marks an increase from the previous week. In all, 1.4 mill ....

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