New Jobless Claims , Reach Lowest Level , Since 1969.
On November 24, the United States Labor Department reported that the number of people submitting jobless claims hit a 52-year record low last week. .
On November 24, the United States Labor Department reported that the number of people submitting jobless claims hit a 52-year record low last week. .
NBC reports that there were only
199,000 new filings, the lowest it's been since
November 15, 1969, when claims were just 197,000. .
NBC reports that there were only
199,000 new filings, the lowest it's been since
November 15, 1969, when claims were just 197,000. .
The Labor Department did not attribute
the dramatic fall to any specific factors. .
NBC suggests this could be a good sign
for a struggling job market
still reeling from the pandemic. .
Continuing unemployment claims fell 60,000
to reach 2.05 million, according to NBC,
another good sign of a recovering job market. .
Data through November 6 suggests that
the total number of people receiving benefits
dropped by 752,390 to reach 2.43 million. .
NBC points out that the new data comes amid an inflation rate rising at its fastest pace in 30 years. .
Supply chain disruptions have driven prices up while consumer demand has also escalated. .
Supply chain disruptions have driven prices up while consumer demand has also escalated. .
A report by the U.S. Commerce Department
saw wages and salaries increase $301.1 billion,
over 50% higher than the original estimate. .
A report by the U.S. Commerce Department
saw wages and salaries increase $301.1 billion,
over 50% higher than the original estimate. .
While the Federal Reserve has indicated
that it may hike rates once in 2022,
according to the CME’s FedWatch tracker,
traders see a 61% chance of three increases next year. .
While the Federal Reserve has indicated
that it may hike rates once in 2022,
according to the CME’s FedWatch tracker,
traders see a 61% chance of three increases next year.