Fewer workers apply for jobless aid, first drop in 3 weeks

Fewer workers apply for jobless aid, first drop in 3 weeks

Oct 08, 2021

237 Views

0 comments

For the first time in a month, the number of people applying for jobless aids has fallen, indicating that the US job economy is back on track with its steady recovery. The Labor Department said on Thursday that 326,000 people applied for first-time unemployment claims last week. That is 38,000 fewer applications from the previous and it is the first drop seen after three weeks of a steady increase in numbers. In early September, the numbers saw a fall to 312,00 and then saw a rise in three straight weeks suggesting that the Delta virus and the hurricane over the Gulf Coast had hampered the recovery in Jobs temporarily. 

Robert Frick, a corporate economist at the Navy Federal Credit Union said that as the Delta virus drops rapidly and the effects of the hurricane are almost over, the path towards the normal level of weekly layoffs should resume. 

Source: CBS News 

Previous days news

Comments

    Article
    This Thanksgiving - Give Thanks To All These People

    This Thanksgiving is going to be different, no doubt! But it need not be different in a negative se ...

    These Companies Are On Holiday Hiring Spree-Are You Ready?

    The current unemployment rate in the US stands at 6.7%, which is almost double the rate in February ...

    How to Avoid Burnout in 2022

    Whatever your work setting may be, it’s important to stay productive while you don’t burn out. Here ...

    A complete breakdown of the US Commercial Drivers Licenses

    In the United States of America to operate any type of large automobile, you need a license. This i ...

    Show more news