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Superstorm Sandy Sends Jobless Claims Up Sharply

The line was long last week at a job fair in Chicago.
Scott Olson
/
Getty Images
The line was long last week at a job fair in Chicago.

There were 439,000 first-time claims for unemployment insurance last week, up by 78,000 from the week before, the Employment and Training Administration says. Behind the big increase: Superstorm Sandy, which threw some people in the Mid-Atlantic onto the unemployment rolls and shut down state unemployment offices the week before — meaning that some claims were postponed into last week.

In other economic news, the Bureau of Labor Statistics says that consumer prices barely rose last month. The bureau's consumer price index ticked up just 0.1 percent from September. A 0.6 percent drop in gasoline prices was a large factor. In the past 12 months, prices have risen 2.2 percent.

Copyright 2021 NPR. To see more, visit https://www.npr.org.

Mark Memmott is NPR's supervising senior editor for Standards & Practices. In that role, he's a resource for NPR's journalists – helping them raise the right questions as they do their work and uphold the organization's standards.