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Here's a look at how weekly unemployment claims changed in Virginia last week compared with the week prior.
The Virginia Employment Commission (VEC) is an agency of the Virginia state government that provides benefits and services to unemployed citizens, such as employment programs. [1][2] The agency currently runs a monthly newsletter, sends monthly reports to the Virginia General Assembly, and issues press releases.
Initial claims for state unemployment benefits rose to a seasonally adjusted 232,000 for the week ended October 18 from 220,000 the prior week, economists at Citigroup and Nationwide calculated.
Unemployment benefits, also called unemployment insurance, unemployment payment, unemployment compensation, or simply unemployment, are payments made by governmental bodies to unemployed people.
"The latest jobless claims look quite decent, and suggest layoffs remain low with movement in the unemployment rate," said Abiel Reinhart, an economist at JPMorgan.
Jobless claims Initial jobless claims are a data point issued by the U.S. Department of Labor as part of its weekly Unemployment Insurance Weekly Claims Report. Initial jobless claims refer to claims for unemployment benefits filed by unemployed individuals with state unemployment agencies.
The number of Americans applying for unemployment benefits fell last week and remain at historically healthy levels despite some signs that the labor market is weakening. U.S. applications for ...
By Lucia Mutikani WASHINGTON, May 7 (Reuters) - The number of Americans filing claims for unemployment benefits rose moderately last week amid low layoffs, underscoring labor market stability and