Worker Shortage Weighing on Economic Recovery

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The Labor Department reported that 260,000 Americans have filed new claims for state unemployment benefits, a decrease of 30,000 from the previous week’s revised level. The previous week’s level was revised up by 4,000 from 286,000 to 290,000. The four-week moving average was 247,000, an increase of 15,000 from the previous week’s revised average. The previous week’s average was revised up by 1,000 from 231,000 to 232,000.

The advance seasonally adjusted insured unemployment rate was 1.2 percent for the week, unchanged from the previous week’s unrevised rate. The advance number for seasonally adjusted insured unemployment during the week was 1,675,000,

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