Jobless claims hit 52-year low

[SaysWho?]

Jobless claims hit a new 52-year low

WWW.CNN.COM

---

Weekly claims for unemployment benefits dropped to a new, multi-decade low last week, the Labor Department reported Thursday.

 

Quote

At 184,000 claims, adjusted for seasonal swings, it was the lowest level of initial claims since September 1969, when the figure stood at 182,000.

It was also a lower count than economists had predicted. It's further proof that America's jobs recovery is pushing ahead this winter, with employers vying for staff and workers having plenty of jobs to choose from. Companies are still have a hard time keeping up with the buoyant demand for goods and services, not least because they are struggling to find workers.

 

Quote

But the pandemic has complicated this a lot. Last summer, when claims were still in the millions, the Labor Department made a change to its adjustment methodology. And it's still using this new methodology now that claims are back to pre-pandemic levels, Simons said.

On top of that, there is the holiday season: Even though claims have declined steadily since September -- dropping to an initial 52-year low in November -- the holiday season, starting with Veteran's Day and ending only with Martin Luther King Day in February, is a period of heightened volatility, according to Mike Englund, chief economist at Action Economics.

In spite of the volatility, Englund thinks the claims data suggest a strong jobs gain in December.

 

[Uaarkson]

That’s nice, but what are the REAL unemployment numbers!? 

[Keyser_Soze]

Quote

But according to Thursday's Labor Department figures, claims actually rose by more than 60,000 to a total of 280,665 last week without the seasonal adjustments.

 

[CitizenVectron]

5 minutes ago, Uaarkson said:

That’s nice, but what are the REAL unemployment numbers!? 

 

Kevins have an employment rate of 90% while Tads have an employment rate of 98%.

[b_m_b_m_b_m]

Biden Boom

[Signifyin(g)Monkey]

And yet...

 

We live in very strange times.

[b_m_b_m_b_m]

the 'liberal media' has to make it seem like the biden presidency is a wreck, they miss trump and his ratings

 

i wonder how much time they've spent talking about "INFLATION INFLATION INFLATION" (lol 6% weimar republic here we come) rather than the best job market in our lifetime

[ort]

It's hard to read too much into any of these bonkers job numbers due to the pandemic. They would be gonzo up and down no matter who was in office or what was going on.

 

These are unprecedented times and who knows.

[osxmatt]

I'm old enough to remember when low unemployment numbers and a record stock market was enough for Republicans to claim "the best economy in the history of the world."

[Jason]

JOBS, JOBS, JOBS!