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Applications for U.S. state unemployment benefits rose last week, though remained near historic lows, as the labor market withstood the recent surge in COVID-19 cases.
Initial unemployment claims totaled 207,000 in the week ended Jan. 1, up 7,000 from the prior period, Labor Department data showed. The median estimate in a Bloomberg survey of economists called for 195,000 applications. Continuing claims for state benefits rose to 1.75 million in the week ended Dec. 25.
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