December 3, 2021

Info IEC

Business & Finance Information

U.S. Jobless Claims Attain 52-Yr Low

Weekly jobless claims fell sharply to the bottom stage in 52 years, reflecting the labor market’s tightening because the financial system recovers from the results of the pandemic.

Employee filings for preliminary unemployment advantages, a proxy for layoffs, dropped 71,000 to 199,000 final week, the bottom stage since November 1969, the Labor Division reported Wednesday.

Source link