Unemployment claims in the US increased by 14,000 in the week ending on March 26, but layoffs remained at historic lows despite the increase, the Labor Department said Thursday.
The increase in claims brought the total up to 202,000 applications for jobless aid in the week, the Associated Press reported. In the previous week, the 188,000 claims marked the lowest since 1969.
While first-time applications for unemployment aid generally track the rate of layoffs, the weekly increase in the seven-day period that ended on March 26 did not jeopardize the historic lows in layoffs.
In the week that ended on March 19, there were 1,307,000 people collecting unemployment aid. That was a decrease of 35,000 from the revised level in the previous week and became the lowest figure since December of 1969, when the number of people collecting aid sat at 1,304,000, according to the Labor Department’s report.
The prior week’s 1,342,000 people who were collecting jobless aid, revised down from the initially reported figure of 1,350,000, had been the lowest level in more than 50 years.
This is a developing story and will be updated as more information becomes available.
Update 3/31/22, 9:37 am ET: This story was updated with additional information and background.
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