US jobless claims are now lower than before the pandemic, Labor Department data shows

The number of Americans applying for unemployment benefits dropped last week to the lowest level in more than half a century, another sign that the U.S. job market is rebounding. Jobless claims dropped by 71,000 to 199,000, lowest since mid-November 1969.

The number of Americans applying for unemployment benefits has plummeted to the lowest level since 1969, another sign that the job market is rebounding rapidly.

New US jobless claims fell far more than expected to the lowest level since November 1969 last week, underscoring the present tight labor market conditions as initial unemployment claims near Y 2019 marks, while job openings hold near record highs.

What people are saying?

Tyler Rous What about the people who just got fired because of vaccine mandates who can’t claim unemployment. There is a shortage of medical workers in N.Y.. People are being told in Cooperstown N.Y. that they will be sent to Schenectady. Binghamton is closer but they are also short.

Bodied By Trezz I’m pretty sure this is because their unemployment extensions ran out. Because there is still a massive labor shortage. I had to discontinue one of my businesses because I was tired of begging people to work.