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US jobless rate jumps. Here's how it affects Virginia

The number of Americans applying for jobless benefits jumped last week, but not enough to raise concern about the consistently strong U.S. labor market.

U.S. applications for unemployment benefits rose by 21,000 to 248,000 for the week ending August 5, from 227,000 the week before, the Labor Department reported Thursday. That’s the most in five weeks.

Jobless claim applications are viewed as broadly representative of the number of layoffs in a given week. Applications for jobless aid reached a higher level above 260,000 for a few weeks this spring, causing some concern, but then retreated.

Is our local employment picture getting better or worse? Explore changes in local jobs, unemployment, earnings and more in these charts and maps.

Source: www.dailyprogress.com

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