New jobless applications hit 52-year low, after seasonal adjustments.
The Department of Labor reported the number of Americans applying for unemployment benefits fell last week to the lowest level since mid-November 1969. Claims dropped by 71,000 to 199,000 with seasonal adjustments. Unadjusted, claims rose 18,000 to 259,000.
The four-week average of claims, which smooths out the weekly ups and downs, also dropped to its lowest since mid-March 2020 when the pandemic slammed the economy. Overall, 2 million Americans were collecting traditional unemployment checks the week that ended November 13.
Companies continue to report that they cannot find workers to fill openings, a near-record 10.4 million in September.
As the Lord Leads, Pray with Us…
- For officials in the Labor Department as they seek to support the job market.
- For the president’s administration as they work to organize employment opportunities.
- For God to fulfill His purpose through the United States and those in government office.
Sources: Wall Street Journal, Newsmax, AP
