US jobless claims fall to lowest level since 1969 By Reuters

US jobless claims fall to lowest level since 1969
© Reuters. A banner advertising a recruitment event in Manhattan, New York, pictured on September 3, 2021. Photo: Andrew Kelly/Reuters.

WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits fell to its lowest level in more than 52 years last week as labor market conditions remained difficult amid a severe labor shortage.

This came in the Labor Department’s weekly report on unemployment benefits on Thursday, which is the latest indicator of the health and resilience of the economy.

The report comes on the heels of last week’s news that the unemployment rate fell to a 21-month low in November to 4.2 percent. Data on Wednesday showed there were 11 million new jobs at the end of October and Americans are leaving their jobs at a near-record rate.

Claims for unemployment benefits fell by 43,000 to a seasonally adjusted number of 184,000 for the week ending Dec. 4, the lowest level since September 1969. Economists polled by Reuters had expected 215,000 applications to be submitted during the past week.

Claims for unemployment benefits have fallen from a record high of 6.149 million in April 2020. Claims usually increase with cooler weather, but economists say this seasonal pattern is not intact in light of the tight labor market.

(Prepared by Ali Khafaji for the Arab Newsletter – Editing by Ahmed Hassan)

Explanation of the risks: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn’t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

These were the details of the news US jobless claims fall to lowest level since 1969 By Reuters for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.

It is also worth noting that the original news has been published and is available at saudi24news and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.

NEXT China’s factory activity stuns with fastest growth in a decade

Author Information

I have been an independent financial adviser for over 11 years in the city and in recent years turned my experience in finance and passion for journalism into a full time role. I perform analysis of Companies and publicize valuable information for shareholder community. Address: 2077 Sharon Lane Mishawaka, IN 46544, USA Phone: (+1) 574-255-1083 Email: [email protected]