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

383 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 Guide for HR Professionals to Ensure Diversity and Inclusivity at Workplace

    One of the key responsibilities of HR teams is to ensure a diverse workplace and manage it effectiv ...

    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 ...

    Effective Ways to Stay Productive While Telecommuting

    Remote working is not a new thing in the US but a lifesaver in the current situation when social di ...

    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 ...

    Show more news