U.S. jobless claims plunge to 199,000, lowest in 52 years
Wednesday, November 24, 2021 | Tag Cloud Tags: coronavirus, Economy, News, PLO, virus, Washington, Worthy News | Learn about out FREE SYNDICATION
(Worthy News) – The number of Americans applying for unemployment benefits plummeted last week to the lowest level in more than half a century, another sign that the U.S. job market is rebounding rapidly from last year’s coronavirus recession.
Jobless claims dropped by 71,000 to 199,000, the lowest since mid-November 1969. The drop was much bigger than economists expected.
The four-week average of claims, which smooths out weekly ups and downs, also dropped – by 21,000 to just over 252,000, the lowest since mid-March 2020 when the pandemic slammed the economy. [ Source: Washington Times (Read More…) ]
Fair Use Notice:This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.