Weekly jobless claims plunge to 199,000, the lowest level since 1969

Weekly jobless claims plunge to 199,000, the lowest level since 1969

The Labor Department’s monthly jobs report, which will be released next week, is expected to shed more light on the complex dynamics of the labor market. While jobless claims have ticked lower in recent weeks, a record 4.4 million Americans, or roughly 3 percent of the labor force, quit their jobs in September, according to … Read more

U.S. Jobless Claims Reach 52-Year Low

U.S. Jobless Claims Reach 52-Year Low

Weekly jobless claims fell sharply to the lowest level in 52 years, reflecting the labor market’s tightening as the economy recovers from the effects of the pandemic. Worker filings for initial unemployment benefits, a proxy for layoffs, dropped 71,000 to 199,000 last week, the lowest level since November 1969, the Labor Department reported Wednesday. Source … Read more