New Unemployment Claims Lower than Anticipated

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 


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