Applications for US unemployment benefits rose last week by the most since the onset of the pandemic, after a big drop during the Thanksgiving holiday week.
Initial claims increased by 44,000 to 236,000 in the week ended Dec. 6, according to Labor Department data released Thursday. That followed the lowest level of applications in more than three years in the previous week. The median forecast in a Bloomberg survey of economists called for 220,000 applications.
Continuing claims, a proxy for the number of people receiving benefits, dropped to 1.84 million in the previous week, which included Thanksgiving.
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