The Labor Department's report Wednesday said jobless claims climbed from 748,000 the week before.
The job market faces additional hurdles as states and cities restrict business activity and hospitalizations spike.
"With infections continuing to rise at an elevated pace and curbs on business operations widening, layoffs are likely to pick up over coming weeks", said Rubeela Farooqi, chief USA economist at High Frequency Economics.
The benefits, part of a more than US$3 trillion government coronavirus relief package which has largely expired, contributed to record economic growth in the third quarter.
"Seeing the combination of a rise in the number of weekly filings for unemployment benefits and an increase in the number of long-term filers is quite concerning and it points to a critical situation as we approach the end of the year, at which point pending any policy decisions, benefits for close to 14 million people will expire", said Gregory Daco, chief USA economist at Oxford Economics.
Even though the unemployment rate has decreased in recent months, reaching 6.9 percent in October, Rubeela Farooqi of High Frequency Economics warned that weekly data shows a labor market under stress. It shows that more Americans are finding jobs and no longer receiving unemployment aid. Personal income dropped last month and could decline further with about 13.6 million Americans due to lose government-funded unemployment benefits a day after Christmas.
Though the claims report showed the number of people receiving benefits after an initial week of aid declined 299,000 to 6.071 million in the week ending November 14, that was because many have exhausted their eligibility, which is limited to six months in most states.
Doctors Discover Six Additional Rib Fractures For Saints QB Drew Brees
Earlier last week, ESPN Fantasy said it would not snatch away Hill's tight end as league week began on Tuesday. That is what we already knew from a few days ago.
Serious eye injury ends Isles' Johnny Boychuk's career
Boychuck has two years left on a seven-year, $42 million contract he signed with the Islanders in March 2015. Boychuk played just three postseason games for the Islanders when the season resumed over the summer.
TikTok to Warn Users Before They View Potentially Photosensitive Content
Other Things to Know: Despite over 1% of people experiencing epilepsy at some point in their life, epilepsy is often stigmatized. The app was already warning Creators if their uploads contained effects that could trigger such seizures.
The data firm Womply says that 21% of small businesses were shuttered at the start of this month, reflecting a steady increase from June's 16% rate.
Wednesday's data indicate the economic rebound is becoming more tenuous amid soaring coronavirus cases, fresh lockdowns and an extended deadlock in Congress over a new stimulus package. The arrival of cold weather in much of the country could further worsen the health crisis.
The data also said more than 466,000 people moved from the time-limited regular unemployment benefits as of the week ended November 7 to a special program passed during the pandemic that provides aid to the long-term unemployed, which will also expire at year's end.
The Conference Board, a business research group, reported Tuesday that consumer confidence weakened in November, pulled down by lowered expectations for the next six months.
The expiration of benefits will make it harder for the unemployed to make rent payments, afford food or keep up with utility bills.
All told, almost 20.5 million people are receiving some type of unemployment aid.
When the viral outbreak struck in early spring, employers slashed 22 million jobs in March and April, sending the unemployment rate rocketing to 14.7%, the highest rate since the Great Depression. Since then, the economy has regained more than 12 million jobs.
Conseillé:
-
Sana Khan shares THESE handsome pictures from her mehendi ceremony - view pics
Do you also like Sana Khan's mehendi look? AWESOME NEWS! Now you can download BollywoodShaadis app and never miss a story. Hours after the wedding, Sana introduced her husband to the world and wrote, "Loved each other for the sake of Allah".Trailer of 'Durgamati' on Amazon Prime Video
This is the most challenging and special film for me because it will be the responsibility on my shoulders for the first time. Akshay Kumar is one pf the presenters of Durgamati , and he had acted opposite Bhumi in the 2017 film, Toilet: Ek Prem Katha.Watch the New Trailer for The Boss Baby 2: Family Business
The Boss Baby was also spun out into an animated TV series, the first three seasons of which can be streamed on Netflix . Tina Templeton ( Amy Sedaris ) in DreamWorks Animation's The Boss Baby: Family Business , directed by Tom McGrath . -
Satellite Images Hint At Renewed China Threat In Doklam
Indian forces withdrew and China stopped building the road, claiming it would resume construction when the weather was right. In a statement to NDTV on November 19, Major General Namgyel said, "There is no Chinese village inside Bhutan".Here’s what to expect from Wednesday’s weather forecast
Tuesday, Nov. 24: Skies will become mostly sunny on a cool, brisk day with a high temperatures in the mid 40s. Wednesday morning will be chilly and will feature a gradual increase of clouds from west to east.Gardner-Webb vs Duke men's basketball game postponed following positive COVID test
The COVID-19 pandemic ended Duke's season early in March, and it is delaying the start of this season for the Blue Devils. Duke has announced that Wednesday night's men's basketball game versus Gardner-Webb has been postponed. -
Cyberpunk 2077 retail copies have started to leak
Become V, a cyber-enhanced mercenary outlaw going after a one-of-a-kind implant - the key to immortality. With that said, he does mention that the difficulty level can be changed at any time.Bam Adebayo agrees to max extension with Miami Heat
The new deal means Miami would have to shed some salary in order to free up a max contract slot for next summer's free agency. Zach Lowe of ESPN reports the deal has escalator clauses that could increase the total to $195.6 million over five years.Dow tops 30,000 on vaccine progress, Biden transition
Administration of the vaccine could start as soon as December 11, officials said . But Trump and his campaign are battling in court in contested states. -
Salesforce reportedly in talks to buy Slack
Salesforce is hosting its annual Dreamforce conference next week, which will be virtual because of coronavirus restrictions. The report indicates that the deal would likely value Slack at more than its current $17 billion market cap.La concentration de CO2 atteint un niveau record
Depuis 1990, le forçage radiatif total causé par les gaz à effet de serre persistants s'est accru de 45 %. Les changements nécessaires sont économiquement abordables et techniquement faisables.Lugano attack: Two hurt in suspected terror incident in Switzerland
Two people were injured and one person arrested at a suspected terror attack at a Swiss department store on Tuesday. Switzerland has identified hundreds of residents deemed a threat and militants who travelled to war zones.