Post a Free Blog

Submit A Press Release

Friday, March 29, 2024
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Filter by Categories
Action
Animation
ATP Tour (ATP)
Auto Racing
Baseball
Basketball
Boxing
Breaking News
Business
Business
Business Newsletter
Call of Duty (CALLOFDUTY)
Canadian Football League (CFL)
Car
Celebrity
Champions Tour (CHAMP)
Comedy
CONCACAF
Counter Strike Global Offensive (CSGO)
Crime
Defense of the Ancients (DOTA)
Documentary and Foreign
Drama
eSports
European Tour (EPGA)
Fashion
FIFA
FIFA Women’s World Cup (WWC)
FIFA World Cup (FIFA)
Fighting
Football
Formula 1 (F1)
Fortnite
Golf
Health
Hockey
Horror
IndyCar Series (INDY)
International Friendly (FRIENDLY)
Kids & Family
League of Legends (LOL)
LPGA
Madden
Major League Baseball (MLB)
Mixed Martial Arts (MMA)
MLS
Movie and Music
Movie Trailers
Mystery
NASCAR Cup Series (NAS)
National Basketball Association (NBA)
National Football League (NFL)
National Hockey League (NHL)
National Women's Soccer (NWSL)
NBA Development League (NBAGL)
NBA2K
NCAA Baseball (NCAABBL)
NCAA Basketball (NCAAB)
NCAA Football (NCAAF)
NCAA Hockey (NCAAH)
Olympic Mens (OLYHKYM)
Other
Other Sports
Overwatch
PGA
Politics
Premier League (PREM)
Romance
Sci-Fi
Science
Soccer
Sports
Sports
Technology
Tennis
Truck Series (TRUCK)
Ultimate Fighting Championship (UFC)
Uncategorized
US
Valorant
Women’s National Basketball Association (WNBA)
Women’s NCAA Basketball (WNCAAB)
World
World Cup Qualifier (WORLDCUP)
WTA Tour (WTA)
Xfinity (XFT)
XFL
-- Advertisement --spot_img
HomeBusinessLowest level of weekly jobless claims in more than a year; for...

Lowest level of weekly jobless claims in more than a year; for the first time in the pandemic

 

On Thursday, the Labor Department reported that first-time claims for unemployment insurance fell steeply last week. This shows that hiring is picking up in the nation and the U.S. economy is improving.

 

The week that ended on March 20, 2021 had a total of 684,000 claims. This is the first time that the number of claims has fallen below the 700,000 during the COVID-19 pandemic. Last week, the claims were much higher at 781,000.

 

This week has had the lowest claims in just over a year, since the beginning of the pandemic which was week March 14, 2020. It has also come as a pleasant surprise as economists surveyed by the Dow Jones predicted 735,00 claims.

 

The most recent weekly claims total has also for the first time fallen below a pre-pandemic record of 695,000 claims made in early October, 1982.

 

Another green shoot in the reviving economy was also seen in continuing claims. This figure also fell to 3.87 million. This was a slide of 264,000. Continuing claims run a week behind weekly claims.

 

There has been a rise in the total number of those who receive benefits and it rose to almost 19 million. However, this data is two weeks behind claims numbers. Therefore, as there is a continual decline in those who avail benefits under the special pandemic-era assistance programs, the total number of beneficiaries will also decline.

 

Lower claims have been received due to the government stimulus and the vaccine drive which is helping businesses to open slowly but surely. Many states across the nation have relaxed the strict protocols that were in place by 15 to 30 to even higher depending on the type of business and local leadership decisions.

On Thursday Federal Reserve Chairman Jeremy Powell told NPR’s Morning Edition that the administration would very gradually and with great transparency pull back the support that has been provided during emergency times.

 

However, Wall Street has indicated a lower open, although the job news scenario is better than expected.

Subscribe to get Latest News Updates

Latest News Articles

You may like more
more

Semtech Shares Jump 3 percent Following Q4 Results

Semtech (NASDAQ:SMTC) experienced a more than 3% increase in...

Target Stock Added to Fresh Money List at Deutsche Bank

Deutsche Bank analysts placed Target (NYSE:TGT) on the Fresh...

AMC Shares Plunge 14 percent on a New Equity Distribution Deal

AMC Entertainment Holdings (NYSE:AMC) saw its shares drop over...

Palantir Technologies Stock Drops 6 percent on Monness, Crespi, Hardt Downgrade

Palantir Technologies (NYSE:PLTR) stock plunged more than 6% on...