Rise in U.S. weekly jobless claims belies improving labor market conditions

  • 📰 Reuters
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 97%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

The number of Americans filing new claims for unemployment benefits unexpectedly rose last week, though the labor market recovery is gaining traction as economic activity picks up, driven by increased vaccinations and massive fiscal stimulus.

FILE PHOTO: Empty hangers hang at a dry cleaners, as businesses struggle with continued work from home protocols to limit the spread of the coronavirus disease , in Philadelphia, Pennsylvania, U.S., March 2, 2021. REUTERS/Caroline Gutman/File Photo

Initial claims for state unemployment benefits jumped 61,000 to a seasonally adjusted 719,000 for the week ended March 27, the Labor Department said. About 28 more million applications were submitted under the government-funded Pandemic Unemployment Assistance program, which covers the self-employed, gig workers and others who do not qualify for the UI programs.

Including the PUA program, 951,458 people filed claims last week, remaining below one million for a second straight week. According to the ISM, “significantly more companies are hiring or attempting to hire than those reducing labor forces.”

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:

 /  🏆 2. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

因為大流行蕭條的對比

Great. And meanwhile the world is burning. But, hey, I got a new IPhone and there's a new series on Netflix.

POTUS45

I never thought of meeting a legit bitcoin trader after been scammed many times at my age but the heavens sent DennisWilliam09 who guided me and help me make a living through bitcoin with my LUNO app , I recommend you to meet him now and also be a beneficiary of good work

There is no greater joy than having financial freedom to earn and a life free of debts, that’s why I keep posting a comment about majestic_marv

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines