As the most reliable and balanced news aggregation service on the internet, DML News App offers the following information published by WASHINGTONEXAMINER.COM:
The number of new applications for unemployment benefits fell 35,000 last week to 310,000, the Labor Department reported on Thursday.
The claims hit their lowest level since the start of the pandemic, even as the delta variant sweeps through the country. Thursday’s jobless claims number was less than forecasters’ expectations of 335,000.
The article goes on to state the following:
The Thursday report was being closely watched by economists to see what impact the nationwide cessation of expanded federal unemployment benefits may be having on new applications for unemployment.
Mark Hamrick, Bankrate’s senior economic analyst said, “With another significant move lower, new jobless claims have reached a fresh pandemic era low, seemingly on the verge of finally pushing below the 300,000 level. The decline of 35,000 from the previous week’s upwardly revised level puts them at 310,000. They were in the low-to-mid 200,000 range before the pandemic.”
*U.S. JOBLESS CLAIMS FALL TO NEW POST-PANDEMIC LOW OF 310,000; EST. 335,000 pic.twitter.com/j4ZpezJaHl
— Investing.com (@Investingcom) September 9, 2021
Initial jobless claims dip to pandemic-era lowhttps://t.co/73SrTLnIMj
— FOX Business (@FoxBusiness) September 9, 2021
Listen to the latest daily DML podcasts below! Then please share. And if you have the DML NEWS APP, please tell people to download it today and help conservatives have a real voice.
To get more information about this article, please visit WASHINGTONEXAMINER.COM.