Bidenomics: Unemployment insurance claims leap as over 1.8 million Americans receive benefits

State unemployment insurance claims rose last week by 12,000 while the number of people who are receiving benefits reached 1.875 million for the week ending Dec. 16, according to seasonally adjusted data released Thursday by the Labor Department. 

Seasonally adjusted initial claims hit 218,000 for the week ending Dec. 23 after rising by 12,000, according to the latest data. 

For the week ending Dec. 16, the seasonally adjusted insured unemployment rate hit 1.3%, which is an increase of 0.1% from the previous week's rate.

The unadjusted data, which does not take into account seasonal influences, is significantly higher, with unemployment claims increasing 13.1%, or by 31,570, from the previous week.

Additionally, the number of people who are receiving benefits rose by 14,000 from the previous week, hitting 1.875 million.

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