Hurricane Harvey spikes jobless aid applications
WASHINGTON (AP) - The number of people seeking U.S. unemployment benefits soared last week by the most in nearly five years, driven by Hurricane Harvey's impact on Texas and Louisiana.
Weekly applications for jobless aid jumped 62,000 to a seasonally adjusted 298,000, reaching the highest level in two years, the Labor Department said Thursday. The less volatile four-week average rose to 250,250.
Applications soared by more than 51,000 in Texas, a five-fold increase, and ticked up 258 in Louisiana.