Claims for unemployment benefits hit a new low, sign of a strengthening job market

Claims for unemployment benefits hit a new low, sign of a strengthening job market

Aug 20, 2021

248 Views

0 comments

The number of Americans applying for first-time unemployment benefits fell to a record low- a sign that the job market continues to improve despite the surge of covid-19. Last Thursday, the Labour Department reported that 348,000 people applied for these benefits which is a drop of 29,000 claims from last week's numbers.

The department confirmed that this is the lowest number since March 14, 2020. Additionally, another 109,000 claims were filed for the Pandemic Unemployment assistance made available for self-employed and gig workers.  

Source: CBS News 

Previous days news

Comments

    Article
    A Quick Look at The Great Resignation

    The Great Resignation, as experts call it, is a rather fitting term for a phenomenon where millions ...

    The Future of Gig Employment

    There’s no denying that the gig economy has seen much growth since the last recession. With the spr ...

    Let's Talk about the Hustle Economy

    With the COVID-19 outbreak, it has increased manifold, owing to the rise in remote working. It’s be ...

    10 Tips to Help You Ace an Online Interview Amidst COVID-19 Crisis

    Online interviews have been rising in popularity for quite some time now. It has increased by 49% s ...

    Show more news