Unemployment Claims Plunge as Businesses Capitulate to Growth

[mystery-ak]

Unemployment Claims Plunge as Businesses Capitulate to Growth

John Carney 7 Sep 2023

Fewer workers applied for unemployment benefits last week, a sign that employers are clinging to workers amid an economy that appears to be growing much faster than expected.

The Department of Labor said that new claims for jobless benefits rose by just 216,000 last week, the lowest level of claims since February. This is a drop of 13,000 claims from the slightly revised level of the prior week.

Economists had expected claims to climb from the preliminary estimate of 228,000 in the prior week to 238,000. The range of forecasts began at a low of 230,000 and topped out at 240,000, so the Department of Labor’s estimate is below even that of the most bullish analysts.

Claims can be volatile week to week so many economists look to the four-week moving average of claims for a signal about the strength of the labor market. This fell to 229,500 from 237,750 in the prior week.

more
https://www.breitbart.com/economy/2023/09/07/overheating-unemployment-claims-plunge-as-businesses-capitulate-to-growth/

[Weird Tolkienish Figure]

Baby boomers are staying retired and nobody is really there to replace them, can confirm. However we have really nasty inflation still.

[DefiantMassRINO]

Members of the work force are getting too old for this crap.

[GtHawk]

If it's not just the dems normal fudging of the numbers, I'll go with people being dropped off unemployment rolls who go back to work just long enough to requalify. We have trained millions of people to be leaches, and the democrats not being content with that have been working hard at importing millions more.

[Bigun]

If it's not just the dems normal fudging of the numbers, I'll go with people being dropped off unemployment rolls who go back to work just long enough to requalify. We have trained millions of people to be leaches, and the democrats not being content with that have been working hard at importing millions more.