Jobless claims climb to 220,000 from half-century low
Labor market continuing to recover from coronavirus pandemic
By Megan Henney FOXBusiness Updated on 19 mins ago
FTA
The number of Americans filing for unemployment benefits last week rose off the lowest levels since the outbreak of the COVID-19 pandemic.
Figures released Thursday by the Labor Department show that applications for the week ended Nov. 27 climbed to 222,000 from a revised 194,000 a week earlier, easily topping the 240,000 forecast by Refinitiv analysts.
Claims have continually declined as the economy recovers from the pandemic and Americans venture out to travel, shop and eat. Businesses have struggled to keep up with the demand, however, and have reported difficulties in onboarding new employees. Thursday’s report suggests that companies are making an effort to retain the workers they already have.
https://www.foxbusiness.com/economy/initial-jobless-claims-coronavirus-november-27
Somehow the stat on the total number of Americans employed is not part of this report. Only with that number do you get the total picture of employment in the United States. It is very obvious to the public that there are big problems with employment. I guess not inside the beltway of DC