First-time unemployment claims in the U.S. continued to decline last week, down to 709,000, the Labor Department reported Thursday.
The number is the lowest prior to the March start of the global coronavirus pandemic and ensuing economic downturn that cost millions of Americans their jobs.
The weekly figure was lower than the 740,000 that Wall Street economists forecast, though the figure remains historically high. Though the number is declining, more than 21 million Americans are still collecting unemployment benefits each week.
With the Senate back in session this week, recently reelected Majority Leader Mitch McConnell has said he will be turning his caucus’s attention to another coronavirus stimulus package, to help with the economic recovery.
It’s probably because most states only allow you to claim unemployment for a certain amount of weeks, and people are probably hitting that limit after all these months. If they’re unable to claim unemployment, they’re not included in the jobless rate, which would make it appear the jobless rate is dropping.
Bull shhhht !!!! They Will be RISING Not Falling !!!!!
Claims will soon be Through the Roof !!!!
What Planet did that claim of Dropping come from ???
Govt will HAVE to PAY UP to the Americans !!!! For a change !!!!