Rising Jobless Claims Expose Deeper Flaws in America’s Economic Recovery

The latest surge in unemployment claims—jumping to 263,000 last week, the highest in nearly four years—reveals cracks in America's economic foundation that Washington can no longer afford to ignore. As hard-working Americans face growing uncertainty about their jobs and livelihoods, policymakers are caught between rising inflation and a weakening labor market, a dilemma largely of their own making. Why Are Jobless Claims Climbing When America Should Be Thriving? Since the COVID-19 pandemic's economic shockwaves began fading, the U.S. labor market was lauded as resilient. Yet recent data paints a different picture: jobless claims have surged by 27,000 in just one...