Jobless claims: Initial filings fell for fourth straight week to set new pandemic-era low

finance.yahoo2021-05-27

Initial unemployment claims fell for a fourth straight week to set a new 14-month low as the labor market recovery made further strides toward recovering jobs lost during the pandemic.TheDepartment of...

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JustTradeIt
2021-05-27
JustTradeIt
👍
AT66
2021-05-27
AT66
👍
WeiKeong
2021-05-27
WeiKeong
Good news
hueyeng
2021-05-27
hueyeng
[惊讶]
crisis
2021-05-27
crisis
Perfect!
- tralala:
  [Grin]
Huatah888
2021-05-27
Huatah888
🤔🤔🤔🤔

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Here were the main metrics from the report, compared to consensus data compiled by Bloomberg:Initial jobless claims, week ended May 22:406,000vs. 425,000 expected and 444,000 during the prior weekContinuing claims, week ended May 15:3.642 million vs. 3.680 million expected and 3.738 million during the prior weekAs a greater percentage of the U.S. population becomes inoculated against COVID-19, more business have reopened and more social distancing standards have been eased.According to data from the Centers for Disease Control and Prevention, half of all Americans have now received at least one dose of a COVID-19 vaccine.This has in turn slowed the pace of layoffs and other separations, allowed more individuals to return to the workforce and pushed new weekly jobless claims closer toward their pre-pandemic pace of just over 200,000 per week.\"More lifting of COVID-19 restrictions by governments and businesses, coupled with further progress on vaccinations, are helping to propel more mobility and spending on the part of consumers,\" Mark Hamrick, senior economic analyst at Bankrate, said in an email Wednesday. \"In turn, businesses are doing what they can to position their labor and other resources to meet demand. As is widely understood now, some employers are struggling to hire all of the workers they want for a multitude of reasons.\"Still, however, an elevated number of Americans are still claiming unemployment benefits, even as the pace of new filings slows. Nearly 15 million individuals were claiming benefits of some form as of the beginning of May. 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