Another 553,000 Americans filed new jobless claims last week, declining over the prior week

Yahoo2021-04-29

New weekly jobless claims dropped from the prior week's upwardly revised level to a fresh pandemic-era low last week, with the accelerating pace of COVID-19 vaccinations in the U.S. helping support ...

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RC_ADRIC
2021-04-30
RC_ADRIC
Like and comment pls
Euginelai
2021-04-29
Euginelai
Like
Janiceteo
2021-04-29
Janiceteo
What's new man
lloII
2021-04-29
lloII
[无语]
kkyeong
2021-04-29
kkyeong
pls like
beet1990
2021-04-29
beet1990
Please like

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That included more than 12 million Americans on the federal Pandemic Unemployment Assistance and Pandemic Emergency Unemployment Compensation program, which both expire in September.\nBut with the economic recovery now well under way, an emergent concern has become the paucity of qualified workers to fill open roles, according to many reports. The Federal Reserve'slatest Beige Book for April noted that\"hiring remained a widespread challenge, particularly for low-wage or hourly workers, restraining job growth in some cases.\"\n\"A growing number of employers report struggling to find qualified workers, particularly for entry level or lower wage positions,\" Bankrate senior economic analyst Mark Hamrick said in an email. \"The hard-hit leisure and hospitality sector, including bars and restaurants, appears to be ground zero for this challenge.\"\nStill, the overall data have pointed to a strongly positive trend in the job market's recovery trajectory. TheConference Board's April consumer confidence surveyreleased earlier this week showed a labor market differential – or difference between those saying jobs are \"plentiful\" versus those characterizing them as \"hard to get\" – that jumped significantly to 24.7 from 8.0 in March. And theoverall consumer confidence index rose to the highest level since February 2020, suggesting consumers were feeling better about economic prospects and might be more apt to go out and spend and stimulate even further hiring as reopenings took place.\nState-by-state unemployment\nBy state, Texas accounted for a significant portion of the drop in new jobless claims last week, with initial filings in the state dropping by nearly 20,000 on a seasonally unadjusted basis. Wisconsin also posted a notable decline of nearly 8,000 new claims, and Georgia saw a drop of nearly 7,000.\nOn the other hand, Virginia posted the largest increase in unadjusted new claims at more than 29,000, bringing total new filings in the state to about 43,000 last week. Michigan, which has been contending with a spike in COVID-19 cases this month, saw new filings rise by 7,200 to about 30,000.\nAnd other states remained the leaders in terms of their insured unemployment rates, or ratio of individuals receiving unemployment insurance to the total population. Nevada again posted the greatest insured unemployment rate in the country at 5.9%, with this rate creeping higher for a second straight week. Connecticut's insured unemployment rate was the second highest at 5.3%, while Alaska's came in third at 4.9%. 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