Jobless Claims Up on Impact of Charley
The Associated Press
WASHINGTON -- The number of new people signing up for jobless benefits
rose last week, reflecting the impact of Hurricane Charley, which recently
tore through Florida.
The Labor Department reported Thursday that new applications for unemployment
insurance increased by a seasonally adjusted 10,000 to 343,000 for the week
ending Aug. 21. Half of the 10,000 rise was attributed to claims stemming from
the hurricane, a Labor Department analyst said.
The increase in claims last week was larger than the rise economists were
expecting. Some predicted that claims would increase by around 4,000. The 343,000
level of claims was the highest since July 24.
Many Florida businesses were damaged by the Aug. 13 hurricane, which caused
an estimated $7.4 billion in insured damage to homes, businesses and personal
possessions - more than any other hurricane in Florida since Andrew in 1992.