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This is good news, of course the increasing costs/inflation bring the down side. But the fact the jobless claims is really low is good news.
The number of Americans applying for unemployment benefits last week fell to its lowest level in 52 years as the U.S. job market continues to show strength in the midst of rising costs and an ongoing virus pandemic
OP knows nothing about Economics. This is a LAGGING indicator. Thank the Trump economy. The other shoe is about to drop as corporate earnings erode due to Hyper Inflation, skyrocketing Energy costs, higher cost of Money due to interest rate hikes, less sales due to horrid consumer confidence and their eroding Buying Power. Watch.
Other leading economic indicators include consumer credit, retail sales, business confidence, consumer expectations, manufacturer’s new orders, business inventories, and initial claims for unemployment insurance.
but the other facts that go with that are: to be an initial claim you have to have:
JUST LOST YOUR JOB (layoff (not quit or fired for cause)) you are required to give...Details from your most recent employer about separation, vacation or severance pay you received, will receive, or are entitled to receive.....You must be unemployed due to no fault of your own (DES will make this determination based upon information provided by you and your last employer)
You must be physically able, available and actively seeking work
have a social security number
have not been on UE for the last 52 weeks
have been working for at least 12 months (enough time to QUALIFY for UE)….you must give:....Your work history for the past two years (employer name as it appears on your check stub, employer's payroll and physical addresses, telephone number, employment dates, rate of pay and reason for separation from each employer).
and had to have enough hours and PAY in said 12 months..... You must be considered monetarily eligible (earned sufficient wages to establish a claim)
the question is, will admit those facts too???
right now we probably have the lowest amount of people ELIGIBLE to place an initial claim
No spin there - "Just the facts ma'am."
Everything in your list has been true ever since unemployment insurance claims have existed. And yet, initial claims for unemployment insurance last week were the lowest in 53 years. So you have absolutely no point whatsoever.
The reason there are so few people ELIGIBLE to place an initial claim is because very few people are getting laid off. That only happens when the economy is booming and labor is scarce.
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