Today news
About the same in other media
Here's why unemployment claims hit their lowest level since 1969
Reading now: 778
cnbc.comClaims for unemployment benefits dipped to their lowest point in more than 50 years the week before Thanksgiving — a remarkable rebound from the nosebleed levels earlier in the Covid-19 pandemic.
The reduction is good news for the U.S. economy and labor market. However, the headline figure masks a detail that likely makes the data appear overly rosy, according to labor experts.
«I would not break out the party hats just yet,» said AnnElizabeth Konkel, an economist at job site Indeed.
Workers filed 199,000 initial claims during the week ended Nov. 20, the U.S. Department of Labor reported Wednesday. (Initial claims are a proxy for benefit applications.) That's the fewest since the week ending Nov. 15, 1969, and a decrease of 71,000 from the
Read more on cnbc.comAbout this in other media
After another failed ATH attempt, here’s why there’s still some hope for MATIC ambcrypto.com /2 years ago
US jobless claims plunge to lowest level in 52 years amid seasonal volatility theguardian.com /2 years ago
Why unemployment claims are at their lowest in decades cnbc.com /2 years ago
Show more
The website finance-news.co. is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
