Tight Labor Market Keeping Jobless Claims in Check

📆 14/10/2021 11:33 PM
📰 WSJ

⏱ Reading Time:
16 sec. here
2 min. at publisher
📊 Quality Score:
News: 10%
Publisher: 63%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Jobless claims declined to 293,000 last week, the first time they fell below 300,000 since the pandemic began

Unemployment claims are holding near the lowest levels since early 2020, as employers cling to workers in a competitive labor market.

Economists surveyed by The Wall Street Journal estimate jobless claims fell to 318,000 last week from 326,000 a week earlier. Claims, a proxy for layoffs, remain near their lowest levels since the coronavirus pandemic’s onset. Initial claims reached a pandemic low of 312,000 in the week ended Sept. 4.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Write Comment

No more enhanced unemployment benefits. Have to get back to work.

This number means nothing because it doesn’t include jobless with exhausted claim status, and former numbers include claimants who now choose to not work.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Santoli’s Tuesday market notes: Fundamental investors keep steady ahead of CPI report and a flurry of earningsNew for subscribers: Santoli’s Tuesday market notes: Fundamental investors keep steady ahead of CPI report and a flurry of earnings. Check out CNBCPro today.
Source: CNBC - 🏆 12. / 72 Read more »

IEA: World must triple clean energy investment to curb climate changeThe IEA said that renewables such as wind and solar energy continued to grow rapidly but the global transition to clean energy is still far too slow to meet climate pledges.
Source: trtworld - 🏆 101. / 63 Read more »