- December 23, 2021
- Posted by: Stratford Team
- Category: Business
‘FOX Business Tonight’ host explains why the labor force isn’t rebounding like the president says it is.
The number of Americans filing for unemployment benefits last week continued to hover around a half-century low, the latest sign the labor market is bouncing back from the coronavirus pandemic.
Figures released Thursday by the Labor Department show that applications for the week ended Dec. 18 stayed at 205,000, unchanged from the previous week’s level. It was in line with the 206,000 forecast by Refinitiv analysts.
FED’S INFLATION GAUGE HITS 39-YEAR HIGH AS PRICES SOAR HIGHER
Continuing claims, or the number of Americans who are consecutively receiving unemployment aid, dropped to 1.859 million, a decrease of 8,000 from the previous week. That is the lowest level for insured unemployment since March 14, 2020, when it was 1.77 million.
A man walks into a restaurant displaying a “Now Hiring” sign March 4, 2021, in Salem, New Hampshire. (AP…
