ICYMI: Jobless claims fall below 300,000 for the first time since the pandemic began.
Initial jobless claims fell below 300,000 for the first time since the early days of the Covid-19 pandemic, the Labor Department said Thursday.
Also, continuing claims, which run a week behind the headline number, fell by 134,000 to 2.59 million, another pandemic-era low. Excluding food and energy, the core PPI rose just 0.1% versus the 0.5% forecast, putting the 12-month gain at 5.9%, the highest level since March 1982. The drop in claims comes at an important time for the labor market, which has added jobs over the past two months at a decidedly slower-than-expected pace – 366,000 in August and 194,000 in September, leaving the household employment total still more than 5 million shy of where it was pre-pandemic.
One big concern now for the Fed is rising inflation, and Thursday's data showed continuing but concentrated pressures.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Weekly initial jobless claims fall below 300,000 for first time since pandemic began'A big drop in unemployment claims is the strongest evidence yet that the Covid-19 delta wave has lost its influence on layoffs,' said one economist.
Lire la suite »
Tight Labor Market Keeping Jobless Claims in CheckJobless claims declined to 293,000 last week, the first time they fell below 300,000 since the pandemic began
Lire la suite »
Jobless claims fall below 300,000 for first time since pandemic. Businesses shun layoffs amid labor shortageJust 293,000 people who recently lost their jobs applied for unemployment benefits in mid-October, pushing new U.S. jobless claims to a pandemic low amid a...
Lire la suite »
Delta posts a first pandemic profit, but investors are worrying about rising costs and signs of a weak Q4Delta posted its first adjusted profit since the start of the pandemic, and one that was double what Wall Street expected. But investors are worried about the rising costs of fuel, wages, and maintenance.
Lire la suite »
Neoliberalism Died of COVID. Long Live Neoliberalism!How the predominant ideology of our time survived the pandemic, by EricLevitz
Lire la suite »
US unemployment claims fall to lowest level since pandemicWASHINGTON (AP) — The number of Americans applying for unemployment benefits fell to its lowest level since the pandemic began, a sign the job market is still improving even as hiring has slowed in the past two months.
Lire la suite »