Hurricane Isaac Boosts Unemployment by 9,000

Applications for unemployment benefits rose by 15,000 in the week ended Sept. 8, increasing to 382,000 from the previous week. Hurricane Isaac was responsible for roughly 9,000 of those filings. The numbers were higher than economists expected, according to Bloomberg. The week's filings were down more than 9% from 421,000 in the prior year.

The poor jobs market will likely be a central point in today's Fed meeting, when Chairman Bernanke is expected to announce new policy initiatives aimed at boosting the economy and speeding up growth.

August's jobs report showed the unemployment rate falling 0.2% to 8.1%, partly due to people stopping looking for work.

Fool contributor John Divine owns none of the stocks mentioned in the story above. You can follow him on Twitter @divinebizkid and on Motley Fool CAPS @TMFDivine.

The Motley Fool has a disclosure policy. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.

Read/Post Comments (0) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

DocumentId: 2015588, ~/Articles/ArticleHandler.aspx, 4/16/2014 3:35:34 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...