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    Home ยป U.S. Weekly Jobless Claims Drop to New Pandemic of 267,000
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    U.S. Weekly Jobless Claims Drop to New Pandemic of 267,000

    November 10, 20211 Min Read
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    Workers filling for unemployment insurance claims dropped last week, continuing their long-term downward trend towards pre-pandemic levels as the labor market rebounds.

    • Initial claims for jobless benefits decreased to 267,000 last week from the revised figure of 271,000 the previous week.
    • The U.S. economy had nearly four million fewer jobs than it had in February 2020 after employers reported an increase of 531,000 jobs in October.
    • Job vacancies continue to increase. Retailers and hospitality, leisure and logistics companies were struggling to find adequate workers.
    • These employers were sweetening their offers to current and potential employees to avoid staff shortages over the critical holiday shopping and travel season.

    The four-week moving average of weekly claims was 278,000 for the week ending November 6. Claims have dropped since the average soar to a peak of 424,000 in mid-July.

    DXY up +0.26%, EUR USD down -0.28%

    Source: U.S. Department of Labor.

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