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US Jobless Claims Reach Pandemic Low

Video Credit: Wibbitz Top Stories - Duration: 01:30s - Published
US Jobless Claims Reach Pandemic Low

US Jobless Claims Reach Pandemic Low

US Jobless Claims , Reach Pandemic Low .

Amid an influx of new COVID-19 cases, Fox Business reports the number of Americans filing for jobless benefits dropped to a pandemic low last week.

Amid an influx of new COVID-19 cases, Fox Business reports the number of Americans filing for jobless benefits dropped to a pandemic low last week.

For the week ending on Dec.

25, unemployment claims were down by 198,000.

For the week ending on Dec.

25, unemployment claims were down by 198,000.

Continuing claims data shows those collecting jobless benefits dropped to 1.7 million.

Continuing claims data shows those collecting jobless benefits dropped to 1.7 million.

As the United States was seemingly emerging from the pandemic's economic despair, 10.6 million jobs were available in September.

As the United States was seemingly emerging from the pandemic's economic despair, 10.6 million jobs were available in September.

Nearly 11 million jobs were available in the United States in October.

Prospects have dimmed as the Omicron variant quickly spreads to each corner of the country.

Some believe this wave of coronavirus could have devastating effects on the U.S. economy.

As the pandemic continues, 7.4 million Americans have yet to rejoin the labor force.

Companies around the nation have struggled to fill positions.

According to U.S. Labor Department data, there are four million more jobs than available workers to do them.

According to U.S. Labor Department data, there are four million more jobs than available workers to do them


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Surge of New Applications for Unemployment Benefits May Signal Cooling Job Market [Video]

Surge of New Applications for Unemployment Benefits May Signal Cooling Job Market

Surge of New Applications for , Unemployment Benefits , May Signal Cooling Job Market. Last week, the number of people in the United States filing for unemployment benefits reached the highest level in ten months last week. . ABC reports that the news comes as a potential sign that the U.S. labor market may be slowing under the burden of high interest rates. . The week ending June 8 saw applications for jobless benefits rise by 13,000 to reach 242,000. . According to Labor Department data, that is up from 229,000 new applications the week before. The number also represents the highest number of new applications since August of 2023, while also being significantly higher than the 225,000 new claims forecast. ABC reports that weekly unemployment claims have lingered at historically low levels since millions of jobs disappeared with the COVID-19 pandemic. ABC reports that weekly unemployment claims have lingered at historically low levels since millions of jobs disappeared with the COVID-19 pandemic. Since March of 2022, the Federal Reserve has raised benchmark rates 11 times in an attempt to reign in inflation which has risen to a four-decade high. While the latest data suggests that consumer inflation cooled in May, the Federal Reserve has decided to leave rates at a 23-year high. According to Fed Chair Jerome Powell, officials are waiting for more evidence that prices are reaching their target of two percent. ABC reports that a total of 1.82 million Americans were collecting unemployment benefits in the week ending June 1. . ABC reports that a total of 1.82 million Americans were collecting unemployment benefits in the week ending June 1.

Credit: Wibbitz Top Stories    Duration: 01:30Published