The numbers: New applications for unemployment benefits sank to a 52-year low of 184,000 in the week after the Thanksgiving holiday, reflecting great reluctance by companies to lay off workers amid the biggest labor shortage in decades.
The raw or actual number of new claims, for instance, jumped to 280,665 in early December from 216,985 two weeks ago. What’s more, the pandemic has further skewed the government’s process for seasonal adjustments. That’s what appears to have happened last week.Big picture: By any measure the number of people applying for jobless benefits is now extremely low and likely to fall even further with the economy growing rapidly. Companies don’t want to lay off any workers unless as a last resort because they might not be able to find replacements.
It’s weird. Everybody’s quitting but no one is unemployed. The economy sucks but retail sales are at an all time hi. Is this the bizaro world at last?
Republican response: Democrats now too lazy to file for unemployment.
That's because everyone's unemployment benefits have expired. They're just not applying anymore. These stats are pure garbage
If it were under Trump, media people would be hailing him as a genius.
lauferlaw It would be even lower if companies like KelloggsUS would stop making their employees work 80 hr weeks to avoid giving benefits to twice as many ppl on the payroll.
Strategic Immigration? determine needs train/educate Americans first apply for work visa online interview at US Embassy/Consulate offshore provide 3 yr work visas with monthly online reporting provide path to citizenship if rules followed
Why apply for jobs when you can suck up that sweeeet stimmie and unemployment?
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