New US jobless claims have fallen to a pandemic low for a second straight week.benefits last week than at any point since the pandemic began, according to government data released, the latest sign of progress in the job market following last year's massfell 35,000 to 310,000 last week, seasonally adjusted, the Labor Department said, hitting a new pandemic low for the second straight week and putting them closer to their level before COVID-19 broke out.
Ian Shepherdson of Pantheon Macroeconomics said Hurricane Ida's disruptions in some US states may have kept people from filing for benefits, and he expects claims to rise next week.wave, with employers preferring to cut back hiring rather than lay off staff, presumably because they fear it will be impossible to re-hire them later when demand improves, given the tightness of the labour market," he wrote in an analysis.
A pipedream for South Africa. Unfortunately.