About a month after the biggest cutoff to federal unemployment benefits in history, jobless claims fell to their lowest levels during the pandemic last week, a promising sign for the broader economy as the labor market continues to struggle. ...
"All this signals that most employers don’t need or want to shed workers—it is quite the contrary with job openings remarkably high," Bankrate senior economic analyst Mark Hamrick wrote in a Thursday morning note before cautioning:"The headwinds of supply chain congestion and high inflation threaten to make further significant job market improvement hard to come by."its worst month of the year in September.
It’s low because all the benefits ran out!! There are many people with no jobs this is a false report!!
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Jobless Claims Fall to Pandemic Low Behind Tight Labor MarketWorker filings for initial unemployment benefits decreased to 290,000 last week from a revised 296,000 a week earlier, the Labor Department said Thursday. Most of the jobs available are total shit. The UNDERemployment rate in America is nuts but rarely gets covered. It’s also a sign that people ran out of unemployment benefits and are no longer eligible to apply It doesn't help when many companies don't offer teleworking options, benefits, or loan assistance. Address those issues and people will go back to work. There's gotta be some give and take from these companies.
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