An encouraging comeback after a recent wave of Covid infections:
New jobless claims ticked down to their lowest level during the pandemic last week, falling for the seventh-straight week and adding to a slew of promising developments for the labor market, which has struggled to add back workers who left jobs last year but has nevertheless staged an encouraging comeback as the recent wave of Covid-19 infections eases.
Continuing claims, also known as insured unemployment, also fell to a new pandemic-era low, of around 2.1 million, falling 129,000 from the previous week. In an email, Greg McBridge, the chief financial analyst at Bankrate, pointed to the stark improvement in claims year over year as a sign of the economy's progress, noting about 20.8 million received unemployment benefits across all programs in the comparable week last year.
: “Employers having difficulty finding workers are holding on tight to their current rosters, as evidenced by the consistent declines in new unemployment claim filings.”Though the labor market has strengthened in recent weeks, the delta variant-spurred wave of Covid-19 infections this year proved troubling for its recovery, with the pace of hiring struggling despite record-high job openings.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US weekly jobless claims slide to 268,000, above economist estimatesInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Read more »
U.S. jobless claims drop seventh straight week to 268,000WASHINGTON (AP) — The number of Americans applying for unemployment benefits fell for the seventh straight week to a pandemic low of 268,000. U.S. jobless claims dipped by 1,000 last week from the week before, the Labor Department reported Thursday.
Read more »
MAFS Australia star claims they 'sneaked out' to call police during filmingMarried at First Sight Australia star Bryce Ruthven has said that he contacted authorities as he was worried about the mental health of his co-star and that they were being treated badly
Read more »
Kerry Katona claims she was booted out of Atomic Kitten due to pregnancyKerry Katona has claimed that she was booted out of the girl band Atomic Kitten because she was pregnant 'with one of the guy's from Westlife's baby'
Read more »
Laura Ingraham speaks out about claims 'You' viral video was stagedLaura Ingraham and Raymond Arroyo hit out at viewers of their viral clip who believed it wasn't a joke.
Read more »
Azeem Rafiq claims anti-Asian abuse is widespread in English cricketAllegations made to a parliamentary committee may spark a wider reckoning
Read more »