US jobless claims rise but still historically low at 206,000
By PAUL WISEMAN AP Economics Writer
WASHINGTON (AP) — The number of Americans applying for unemployment benefits rose last week despite signs that the U.S. labor market is rebounding from last year's coronavirus recession.
Jobless claims were up by 18,000 to a 206,000, still low by historical standards.
The four-week average, which smooths out week-to-week volatility, fell by 16,000 to less than 204,000, the lowest level since mid-November 1969.
Altogether, 1.8 million Americans were receiving traditional jobless benefits the week that ended Dec. 4, down by 154,000 from the previous week.