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Jobless claims rise in DC, Md. and Va., bucking national trend

First-time filings for unemployment benefits rose in Maryland, Virginia and D.C. last week, even as new claims nationwide fell to a pandemic low.

The Department of Labor reports initial claims nationwide totaled 684,000 during the week ending March 20 — 97,000 fewer than the previous week. On an unadjusted basis, excluding seasonal factors, initial unemployment filings totaled 656,789 last week.

The number of Americans currently getting standard unemployment benefits totals 3.87 million, the first time below 4 million since pandemic-related job losses began. That is 264,000 fewer Americans receiving standard unemployment benefits than the previous week.

The U.S. Department of Labor does not distinguish between benefits that voluntarily ended or expired.

Initial claims for unemployment benefits, unadjusted, in the D.C. region during the week ending March 20:

District of Columbia:

Week ending March 20: 1,727

Week ending March 13: 1,289

Maryland:

Week ending March 20: 10,585

Week ending March 13: 8,879

Virginia:

Week ending March 20: 28,232

Week ending March 13: 15,525

The Labor Department publishes weekly unemployment filings by state online.

Oil prices slip and Asian shares are mostly lower as investors sell chipmaker stocks

HONG KONG (AP) — Oil prices fell Wednesday and Asian shares were mostly trading lower as South Korea’s Kospi extended its losses after falling more than 16% over the past two days. Crude prices remain volatile after the U.S. said early Thursday it had conducted a “heavy wave” of strikes against Iran, responding to an attack on a U.S. base. U.S. futures edged higher after losses on Wall Street. In South Korea, recent drops in its benchmark Kospi, a big beneficiary of the global boom in artificial intelligence, have been seen by some analysts as a reflection of broader doubts about massive investments by technology giants in expanding capacity for AI.
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