Weekly Jobless Claims Fall to New Pandemic-Era Low-US News | The Epoch Times

The number of American workers filing for unemployment benefits last week fell more sharply than economists expected and hit a fresh pandemic-era low. First-time filings for unemployment insurance—a proxy for layoffs—came in at 281,000 for the week ending Oct. 23, the Labor Department said in a statement (pdf). The consensus forecast was for 290,000 claims. “After three straight weekly increases, new jobless claims have finally moved to the downside. The decline of 38,000 to 326,000 in seasonally adjusted new claims leaves them slightly above the pandemic-era low one month ago,” Bankrate senior economic analyst Mark Hamrick told The Epoch Times in an emailed statement. “New claims for unemployment benefits surprised on the downside, coming in lower-than-expected with a decline of 10,000 to 281,000,” Bankrate senior economic analyst Mark Hamrick told The Epoch Times in an emailed statement. “Reflecting fresh job loss, this is the fourth straight weekly drop continuing to tiptoe closer …

Leave a Reply

Your email address will not be published.

Next Post

Dollar Falls on Euro Strength After ECB Meeting as Rates Move-US News | The Epoch Times

Thu Oct 28 , 2021
NEW YORK/LONDON—The euro rose sharply against the U.S. dollar on Thursday as foreign currency traders sorted through moves in the interest rate markets and comments by the European Central Bank President Christine Lagarde. The euro rose nearly 0.7 percent to at $1.168 at 1425 GMT. The dollar index of major […]

Chief Editor

Johny Watshon

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur

Quick Links

Newsletter Signup

Sign up now and never miss a thing!

You're Signed Up!

Now that you are signed up, we will send you exclusive offers periodically.