Though new jobless claims ticked up from a 52-week low last week, the number of Americans receiving state-level jobless benefits, or insured unemployment, fell to its lowest level since March 2020, the Labor Department said Thursday, adding to a slew of recently promising developments for the long-struggling labor market ahead of a key report on Friday.
Despite the uptick, the week’s figures came in much better than average economist expectations calling for about 240,000 new claims last week, according to Bloomberg data. Continuing claims also fell to a new pandemic-era low below 2 million, a sharp decrease of 107,000 from the previous week and edging closer to pre-Covid levels below 1.8 million."Between the relatively low level of jobless claims and the steady decline in the nation’s unemployment rate, the economy has continued to heal from the sharp recession caused by Covid-19,” Mark Hamrick, a senior economist analyst, said in emailed comments Thursday.
This is not what its about its the inflation thats the issue. ITS EVERYWHERE AND LACED INTO EVERY PART OF AMERICA EVERY TOWN EVERY STATE EVERYWHERE - jobs proposterous. Forbes like thats a reliable source sorta like business insider.
How many of the people that were collecting previously are still waiting for their payment? I've been waiting for MONTHS and neither NJDOLCommish, PhilMurphyNJ, or anyone else from the state has done anything to rectify it regardless of how many times I've reached out.
andyroddick *Falls to its lowest level since the government starting paying people not to work. What another incredible accomplishment from the Biden administration!
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