loading
reading
writing
saving
searching
There was an error loading the page; please try to refresh the page.

We've detected you are using a browser that is missing critical features.

Please visit craigslist from a modern browser.

try the craigslist app » Android iOS
favorite
favorite
hide
unhide
flag

Posted

print

US jobless claims hit 52-year low (President Biden's Plan is Working)

WASHINGTON (AP) — The number of Americans applying for unemployment benefits plummeted last week to the lowest level in more than half a century, another sign that the U.S. job market is rebounding rapidly from the last administration's recession.

Jobless claims dropped by 71,000 to 199,000, the lowest since mid-November 1969. But seasonal adjustments around the Thanksgiving holiday contributed significantly to the bigger-than-expected drop. Unadjusted, claims actually ticked up by more than 18,000 to nearly 259,000.

The four-week average of claims, which smooths out weekly ups and downs, also dropped — by 21,000 to just over 252,000, the lowest since mid-March 2020 when the pandemic slammed the economy.

Since topping 900,000 in early January, the applications have fallen steadily toward and now fallen below their prepandemic level of around 220,000 a week. Claims for jobless aid are a proxy for layoffs.
  • do NOT contact me with unsolicited services or offers

post id: 7412160100

posted:

best of [?]