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

379 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
    The Interviewer's Guide to Conducting Phone Interviews

    The job market in the US is slowly gaining traction after the long period of gloom that took the un ...

    Why Work With Staffing Agencies To Hire Your Temporary Workers

    Recruitment is getting more challenging day by day. Layers of complexities have emerged with the pa ...

    Are 4 day work weeks the future?

    Robert Owen, a Welsh textile mill owner, social reformer, and labor activist came up with a slogan ...

    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 ...

    Show more news