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United States Unemployment
Posted: Nov 24, 2021 9:41 AMUpdated: Nov 24, 2021 9:41 AM
Unemployment Claims Falling Across America
The number of Americans applying for unemployment benefits decreased to 199,000 last week, that being a 52 year low. This could be a sign that the economy continues to recover following the COVID-19 pandemic.
It is believed that seasonal adjustments around the Thanksgiving Holiday contributed to the large drop, which was much larger than expected. The four-week average dropped by 21,000 as well. Since topping 900,000 in early 2021, the numbers have steadily dropped and are now below pre-pandemic levels.
Around two million Americans were collecting traditional unemployment checks last week and despite the recent good news, economists believe the job market will continue to be volatile.
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