Hurricane Isaac Boosts Unemployment by 9,000

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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.

The article Hurricane Isaac Boosts Unemployment by 9,000 originally appeared on Fool.com.

Fool contributorJohn Divineowns none of the stocks mentioned in the story above. You can follow him on Twitter@divinebizkidand on Motley Fool CAPS@TMFDivine.The Motley Fool has adisclosure policy. We Fools may not all hold the same opinions, but we all believe thatconsidering a diverse range of insightsmakes us better investors. Try any of our Foolish newsletter servicesfree for 30 days.

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