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US initial jobless claims edge up but hold near pandemic low

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Program phase-out Meanwhile, initial claims in Texas and Nebraska picked up last week, which could reflect attempts to transition to regular state programs now that PUA has been phased out in those states. “There is a chance that some people may file initial claims to redetermine their eligibility if they lose benefits from one of the expiring programs, but we think that in most cases these people would not be eligible for benefits," JPMorgan Chase & Co.

economists said in a recent note. Pennsylvania and New York reported the largest increases in initial claims last week, while claims in Oklahoma and Maryland fell.

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