The numbers: New U.S. jobless claims matched a 54-year low of 166,000 in mid-April — the second lowest reading in history— during a period of remarkably strong hiring and the lowest layoffs on record.
New filings for unemployment benefits declined by 5,000 from a revised 171,000 in the prior week, the Labor Department said Thursday. The regular revisions showed jobless claims to be even lower this year than previously reported. The 171,000 reading from last week, for example, was revised down from an original 202,000.
It’s great news for workers: wages are rising at the fastest pace in decades. Not so much for businesses. Their costs are going up and they still can’t find enough labor to produce enough goods and services to meet high demand.Key details: Raw, or unadjusted, jobless claims fell in more than half the states.
These so-called continuing claims, which are reported with a one-week lag, have fallen below pre-crisis levels and are extremely low.
ngcmw
Malinowski vote democrat
You must be disappointed since you made no mention of this, ABC CBS nbc CNN MSNBC CBSNews mitchellreports jaketapper NorahODonnell JoeMSNBC morningmika CBSThisMorning ThisWeekABC FaceTheNation MeetThePress NBCPolitics ABCPolitics SavannahGuthrie GStephanopoulos
LeaderMcConnell and GOPLeader do not have plans to match this.
BidenBoom
Bad news for Joe Biden, I’m sure. RIP EricBoehlert
All lawyers
davidfrum LOUDER...
Midterm elections matter Don't let Dems lose both Congressional Houses
How is this bad news for Biden and Democrats at midterms
The Democrats restored American Jobs.
Attn. GOP…Republicans If you are a Republican voter…ask yourself “Why?”. Is it because of years of GOP running up massive debt? Or because of all the GOPpedophiles? Or, it because the GOPtheRussianPartyofTraitors fealty to ButcherPutin turns you on?
Democratic policies are why this happened.
You forgot to read the article, of course. US Jobless claims mean more people are working! ⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️
Facts Matter Jr.
Because he put them all out of work and now they are getting back to work. Damn yall are so easily fooled
Bu..bu..bu..gas is so expensive.
GOP suck it.
Thanks President Biden, your leadership is leading America in the right direction.
Not a true report. Millions of people have left their jobs in the last 2 years and it is not just older ones and they are not applying for unemployment, so the numbers are skewed by a large amount.
copolitics
Thanks, Democrats! You always bail the country out after Republicans run it into the ground.
Wonder how trumpcult will spin this to credit TFG
Why would I apply for a job when I can make six figures on social media platforms
BuildingABetterAmerica
BidenBoom
Great news!!
This only represents quantity of available jobs not the quality of said jobs..no job should pay you less than 45k a year AFTER taxes yet 50% of workforce makes less than the median wage of roughly 50k BEFORE taxes
Biden is the best President ever. The media wants Trump back but everyone knows that Biden is better at everything.
Great! Unprecedented results.