US unemployment claims fall to lowest level since pandemic began
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  US unemployment claims fall to lowest level since pandemic began
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Author Topic: US unemployment claims fall to lowest level since pandemic began  (Read 561 times)
FT-02 Senator A.F.E. 🇵🇸🤝🇺🇸🤝🇺🇦
AverageFoodEnthusiast
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« on: October 14, 2021, 10:20:12 AM »

Interesting

Quote
WASHINGTON (AP) — The number of Americans applying for unemployment benefits fell to its lowest level since the pandemic began, a sign the job market is still improving even as hiring has slowed in the past two months.

Unemployment claims dropped 36,000 to 293,000 last week, the second straight drop, the Labor Department said Thursday. That’s the smallest number of people to apply for benefits since the week of March 14, 2020, when the pandemic intensified, and the first time claims have dipped below 300,000. Applications for jobless aid, which generally track the pace of layoffs, have fallen steadily since last spring as many businesses, struggling to fill jobs, have held onto their workers.

The decline in layoffs comes amid an otherwise unusual job market. Hiring has slowed in the past two months, even as companies and other employers have posted a near-record number of open jobs. Businesses are struggling to find workers as about three million people who lost jobs and stopped looking for work since the pandemic have yet to resume their job searches. Economists hoped more people would find work in September as schools reopened, easing child care constraints, and enhanced unemployment aid ended nationwide.

But the pickup didn’t happen, with employers adding just 194,000 jobs last month. In a bright spot, the unemployment rate fell to 4.8% from 5.2%, though some of that decline occurred because many of those out of work stopped searching for jobs, and were no longer counted as unemployed. The proportion of women working or looking for work fell in September, likely because of difficulties finding child care or because of schools disrupted by COVID-19 outbreaks.

At the same time, Americans are quitting their jobs in record numbers, with about 3% of workers doing so in August. Workers have been particularly likely to leave their jobs at restaurants, bars, and hotels, possibly spurred by fear of the delta variant of COVID-19, which was still spreading rapidly in August.

Other workers likely quit to take advantage of higher wages offered by businesses with open positions. Average hourly pay rose at a healthy 4.6% in September from a year earlier, and for restaurant workers wage gains in the past year have topped 10%.

https://apnews.com/article/coronavirus-pandemic-business-health-94814d87baa33b872ab0602f63a41b46
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President Johnson
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« Reply #1 on: October 14, 2021, 02:35:11 PM »

Jobs not mobs!
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Amenhotep Bakari-Sellers
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« Reply #2 on: October 14, 2021, 04:42:23 PM »

Yes but the jobs that came back are the same low paying jobs except for Nursing that's why the Student Loan Debt has skyrocketed

When you get a new job you don't qualify for Unemployment right away it's not SSA or SSDI where if you leave you get it, it takes 6/8 mnths to qualify and you have a 90 day Probation

The same Employers fired their employees before they got Unemployment during Great Recession

Why do you think people under 62 whom are on SSDO aren't leaving their secured income to get a job
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Progressive Pessimist
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« Reply #3 on: October 14, 2021, 06:10:45 PM »


Democrats should unironically co-opt this slogan. Between the insurrection, pro-audit rallies, and violent/unhinged school board meetings; the juxtaposition is clear.
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John Dule
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« Reply #4 on: October 14, 2021, 06:12:47 PM »


Democrats should unironically co-opt this slogan. Between the insurrection, pro-audit rallies, and violent/unhinged school board meetings; the juxtaposition is clear.

What are you trying to do, win the John Dule vote?
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DaleCooper
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« Reply #5 on: October 14, 2021, 11:08:51 PM »


Democrats should unironically co-opt this slogan. Between the insurrection, pro-audit rallies, and violent/unhinged school board meetings; the juxtaposition is clear.

The Democrats desperately need to be seen as an egalitarian party of sanity again. That alone would dramatically improve their standing nationally and in most states.
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emailking
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« Reply #6 on: October 14, 2021, 11:55:32 PM »

Uncle Joe got us all the way down to 4.8 and I couldn't be prouder of him!
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Amenhotep Bakari-Sellers
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« Reply #7 on: October 15, 2021, 07:56:43 AM »

As I said before, you can't get back on unemployment when you exhausted them unless you didn't spend 26 wks on them. If you spend 3mnrhs then of course you can qualify again, Unemployment isn't SSDI, you have to wait 6 months at least to qualify and you have to be Fired not Quit as high most people have done, but if you are married and have a spouse as backup, then of course you can quit your job

This is for reason for low Unemployment benefits

That's why it's called 90 day Probation so Employers can Fire you before you get Unemployment

Most people on Unemployment spent the whole time on Unemployment due to 300 bonus checks
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MR DARK BRANDON
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« Reply #8 on: October 15, 2021, 12:58:42 PM »

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Kahane's Grave Is A Gender-Neutral Bathroom
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« Reply #9 on: October 15, 2021, 03:53:40 PM »

Lol THG/Woodbury/Coolface Sock LeRoy McPherson Fan are suspiciously absent from this thread.

Imagine saying that most people will base their votes of political takes on how good or bad the economy is just because Fox & Co say so.
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