reagansghost (05-11-2021)
U.S. unemployment claims drop below 500,000 for first time since pandemic as hiring surges.
Published: May 6, 2021 at 8:48 a.m. ET By Jeffry Bartash
Layoffs are falling and job creation is accelerating as the economy gathers strength
The numbers: Applications for U.S. unemployment benefits fell below 500,000 in early May for the first time since the onset of the pandemic, pointing to an upsurge in hiring as companies race to beef up staff as the economy builds momentum.
Initial jobless claims in the states sank 98,000 to 498,000 in the seven days ended May 1, the government said Thursday. It was the fourth decline in a row.
Economists surveyed by Dow Jones and The Wall Street Journal had forecast new claims to total a seasonally adjusted 527,000.
An additional 101,214 applications were filed through a federal pandemic-relief program.
Adding up new state and federal claims, the government received 605,884 applications last week for unemployment benefits, based on actual or unadjusted figures. That’s also a fresh pandemic low.
Unemployment claims are still two and a half times higher compared to the last month before the pandemic. The number of applications had been running in the low 200,000s before the viral outbreak.
Read: U.S. gains 742,000 private-sector jobs in April as surging economy spurs hiring spree, ADP says
What happened: New applications for jobless benefits fell the most in Virginia, New York, Florida, California and Oklahoma . Kentucky was the only one to post a sizable increase.
The number of people already collecting state jobless benefits, meanwhile, actually rose by 37,000 to a seasonally adjusted 3.69 million. The increase is likely to unwind next week based on current trends, however.
Biden voters:
Trump voters:
Judge Juan M. Merchan wrote that Trump “appears to take the position that his situation and this case are unique and that the pre-trial publicity will never subside. However, this view does not align with reality.”
reagansghost (05-11-2021)
Grokmaster (05-11-2021)
Today, 06:29 AM
Yagina
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Judge Juan M. Merchan wrote that Trump “appears to take the position that his situation and this case are unique and that the pre-trial publicity will never subside. However, this view does not align with reality.”
and 700,000 new jobs... DOW over 34,000. Trump was definitely holding us back.
redfish (05-06-2021)
reagansghost (05-11-2021)
yes, the economy is finally coming back, mostly because of Trump's acceleration of the vaccine programs. Biden has done nothing for the economy, except increase the debt by massive amounts.
Judge Juan M. Merchan wrote that Trump “appears to take the position that his situation and this case are unique and that the pre-trial publicity will never subside. However, this view does not align with reality.”
What exactly did Joke do that can be attributed to that decrease? Vaccines for China Disease? That was Trump. End lockdowns and restrictions on businesses? Republican governors. What did Biden do exactly?
redfish (05-06-2021)
How do Repukes explain the winning Democrats always accomplish and all the fail they endure?
Judge Juan M. Merchan wrote that Trump “appears to take the position that his situation and this case are unique and that the pre-trial publicity will never subside. However, this view does not align with reality.”
Living on debt feels good, for awhile.
I choose my own words like the Americans of olden times........before this dystopia arrived.
DARK AGES SUCK!
then explain why the capital invasion occurred precisely when the congress was about to review the evidence of vote fraud in several states. Explain how the Trump supporters were listening to his speech and attacking the capital at the exact same time.
you socialists pulled off a coup, you are destroying this country with your senile president and his call girl VP. Hitler and Mao are proud of you fools.
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