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Jobless Claims Expected to Ease Slowly as Hiring Picks Up

Jobless Claims Expected to Ease Slowly as Hiring Picks Up 03/11/2021 | 05:44am EDT Send by mail : Message : By Hannah Lang Jobless claims at the beginning of March are expected to have declined slightly as the labor market offers other signs of improvement following an easing of Covid-19 case numbers. Economists surveyed by The Wall Street Journal expect that 725,000 workers filed for initial unemployment benefits last week, a small decrease from the prior week. Worker filings for unemployment benefits, a proxy for layoffs, have eased in recent weeks but are still well above pre-pandemic levels. The 2019 weekly average was 218,000, and the pre-pandemic record was 695,000. The four-week moving average, which smooths out volatility in week-to-week numbers, was 790,750 for the week ended Feb 27.

U S Jobless Claims Ease as Hiring Picks Up | Hellenic Shipping News Worldwide

U.S. Jobless Claims Ease as Hiring Picks Up New filings for unemployment benefits last week neared their lowest level since the pandemic fueled a surge in layoffs last March, adding to evidence of renewed labor-market growth. Jobless claims, a proxy for layoffs, fell to a seasonally adjusted 712,000 in the week ended March 6, down about 200,000 from an early January peak and close to a pandemic low point reached last November. The four-week moving average, which smooths out volatility in week-to-week numbers, was 759,000 for the week ended March 6, slightly higher than the previous pandemic low recorded last November. The weekly average in 2019, the year before the pandemic started, was 218,000.

U S Jobless Claims Ease as Hiring Picks Up — Update

U S Jobless Claims Ease as Hiring Picks Up — Update
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