- Jul 2, 2003
- 145,053
- 17,408
- Country
- United States
- Faith
- Baptist
- Marital Status
- Married
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- US-Democrat
...the lowest level in more than 50 years.
https://www.washingtonpost.com/business/2021/11/24/jobless-claims-pandemic/
https://www.cnbc.com/2021/11/24/wor...y-chain-disruptions-shipping-association.html
https://www.washingtonpost.com/business/2021/11/24/jobless-claims-pandemic/
The number of Americans filing initial unemployment claims fell to 199,000 — the lowest level since November 1969 — the Labor Department reported Wednesday.
Claims were down more than 71,000 the week ended Nov. 20, compared with the week before. This marks the eighth straight week of declines and a pivotal shift, with claims now down well below pre-pandemic levels. In 2019, average weekly jobless claims hovered around 220,000.
It’s a stark contrast with this time last year, when claims were hovering around 700,000. It’s also a reflection of a tight labor market that has companies scrambling to retain and expand their workforces, and stands out in an economic landscape wracked by the highest inflation in decades and a protracted supply chain crisis.
“It is fair to say we didn’t see that coming,” Mark Hamrick, senior economic analyst at Bankrate, said Wednesday in comments emailed to The Post. “Getting new claims below the 200,000 level for the first time since the pandemic began is truly significant, portraying further improvement.”
Also, the supply chain back up is getting better.Claims were down more than 71,000 the week ended Nov. 20, compared with the week before. This marks the eighth straight week of declines and a pivotal shift, with claims now down well below pre-pandemic levels. In 2019, average weekly jobless claims hovered around 220,000.
It’s a stark contrast with this time last year, when claims were hovering around 700,000. It’s also a reflection of a tight labor market that has companies scrambling to retain and expand their workforces, and stands out in an economic landscape wracked by the highest inflation in decades and a protracted supply chain crisis.
“It is fair to say we didn’t see that coming,” Mark Hamrick, senior economic analyst at Bankrate, said Wednesday in comments emailed to The Post. “Getting new claims below the 200,000 level for the first time since the pandemic began is truly significant, portraying further improvement.”
https://www.cnbc.com/2021/11/24/wor...y-chain-disruptions-shipping-association.html
The worst is over for global supply chains, but not all problems the shipping industry faces have gone away, said the chairman of a shipping association.
“There may still be swings, but overall, I think the worst is over,” Esben Poulsson, who chairs the International Chamber of Shipping, told CNBC’s “Squawk Box Asia” on Tuesday.
Poulsson explained that retailers had made a “significant level” of pre-orders, and that should help ease shortages of goods. In addition, new container ships are being built and will add to existing capacity in the next 24 to 36 months, he said.
“There may still be swings, but overall, I think the worst is over,” Esben Poulsson, who chairs the International Chamber of Shipping, told CNBC’s “Squawk Box Asia” on Tuesday.
Poulsson explained that retailers had made a “significant level” of pre-orders, and that should help ease shortages of goods. In addition, new container ships are being built and will add to existing capacity in the next 24 to 36 months, he said.
