Dream Wired
No Result
View All Result
  • Home
  • Celebrity
  • DramaAlert
  • Gossip
  • Movie
  • TV
  • Music
  • Comics
  • Shop
  • Home
  • Celebrity
  • DramaAlert
  • Gossip
  • Movie
  • TV
  • Music
  • Comics
  • Shop
No Result
View All Result
Dream Wired
No Result
View All Result
Home DramaAlert

U.S. Unemployment Benefit Applications Are In A Decline

rmtsa by rmtsa
March 23, 2024
in DramaAlert
0
U.S. Unemployment Benefit Applications Are In A Decline
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter


You might also like

Social Media Reacts To Shannon Sharpe’s Rough Week

Teacher Kills Married Couple At Random Then Gets a Haircut • Hollywood Unlocked

Ghislaine Maxwell Transferred to Federal Prison Camp in Texas

unemployment application, unemployment applications

by Rafael Pena

March 22, 2024

The latest data from the Labor Department revealed a decline in the number of Americans filing for unemployment benefits last week.

ABC News reports that the latest data from the Labor Department shows a decline in the number of Americans filing for unemployment benefits last week, underscoring the continued strength of the labor market and the remarkable job security enjoyed by many workers.

According to the report released by the Department of Labor on March 21, jobless claims decreased by 2,000 to 210,000. Meanwhile, the four-week average of claims, which provides a more stable measure by smoothing out weekly fluctuations, increased by 2,500 to 211,250. Overall, 1.8 million Americans were collecting unemployment benefits in the week ending March 9, marking a modest uptick of 4,000 from the previous week.

Applications for unemployment benefits serve as a crucial indicator of layoffs and offer insight into the direction of the job market. Despite notable job reductions at tech giants like Google parent Alphabet, eBay, and Cisco Systems, overall layoffs remain below pre-pandemic levels. The unemployment rate, which stood at 3.9% in February, has remained below 4% for 25 consecutive months — the longest streak since the 1960s.

The economy and job market have demonstrated resilience buoyed by robust consumer spending, even as the Federal Reserve implemented 11 interest rate hikes between 2022 and 2023 to address inflation concerns that emerged in 2021. While inflation has moderated from its peak of 9.1% in June 2022 to 3.2% in February, it still exceeds the central bank’s 2% target.

Although hiring has slowed compared to the frenetic pace of three years ago, it remains robust. Employers added a record 604,000 jobs per month in 2021, followed by 377,000 in 2022 and 251,000 last year. Notably, job creation unexpectedly rose to 275,000 in February.

In Georgia, February’s unemployment rate remained steady at 3.1%, unchanged from January and significantly lower than the national rate, according to the Georgia Department of Labor. Georgia Labor Commissioner Bruce Thompson praised the state’s economic resilience, stating, “In Georgia, we’re not just keeping pace with the nation — we’re leading the charge in building an ecosystem where businesses and employees not only survive but thrive.”

Job numbers reached a record high, with 2,400 more jobs added over the month and 48,900 over the year, totaling 4,938,200. Notable sectors experiencing growth included transportation and warehousing, accommodation and food services, and local government.

Conversely, job losses were observed in wholesale trade, retail trade, and administrative and support services. Despite fluctuations, leisure and hospitality hit an all-time high of 525,600 jobs. Over the year, sectors such as healthcare and social assistance, local government, and accommodation and food services showed significant job gains, reflecting Georgia’s robust economic landscape and opportunities for growth.



Source link

Tags: ApplicationsBenefitDeclineU.SUnemployment
Share30Tweet19
rmtsa

rmtsa

Recommended For You

Social Media Reacts To Shannon Sharpe’s Rough Week

by rmtsa
August 2, 2025
0
Social Media Reacts To Shannon Sharpe’s Rough Week

Source: Paras Griffin/Getty Images No one is having a worse week than Shannon Sharpe who went from losing his cushy ESPN gig to facing a $20 million lawsuit...

Read more

Teacher Kills Married Couple At Random Then Gets a Haircut • Hollywood Unlocked

by rmtsa
August 1, 2025
0
Teacher Kills Married Couple At Random Then Gets a Haircut • Hollywood Unlocked

Disturbing Story Coming Out of Arkansas… A 28-year-old teacher just got arrested for killing a married couple, and the details are just jaw-dropping. RELATED: 11-Year-Old Kills Teacher &...

Read more

Ghislaine Maxwell Transferred to Federal Prison Camp in Texas

by rmtsa
August 1, 2025
0
Ghislaine Maxwell Transferred to Federal Prison Camp in Texas

Ghislaine Maxwell I Got an Upgrade ... New Prison Is Much Nicer!!! Published August 1, 2025 10:04 AM PDT Jeffrey Epstein's one-time girlfriend and co-conspirator Ghislaine Maxwell is...

Read more

Kamala Harris To Release Book ‘107 Days’ Presidential Campaign

by rmtsa
August 1, 2025
0
Kamala Harris To Release Book ‘107 Days’ Presidential Campaign

by Kandiss Edwards August 1, 2025 '107 Days' offers a behind-the-scenes look at her journey as the Democratic presidential nominee following President Joe Biden’s abrupt withdrawal last year....

Read more

Mom Killed Trying to ‘Help’ Husband After Taking 2 Kids to Safety

by rmtsa
August 1, 2025
0
Mom Killed Trying to ‘Help’ Husband After Taking 2 Kids to Safety

The murders were called a "completely random event" by police, who share new details on their investigation into accused killer Andrew James McGann and how a couple hiking...

Read more
Next Post
Sundance Institute CEO Joana Vicente Stepping Down

Sundance Institute CEO Joana Vicente Stepping Down

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Browse by Category

  • Celebrity
  • Comics
  • DramaAlert
  • Gossip
  • Movie
  • Music
  • TV
  • Uncategorized

CATEGORIES

  • Celebrity
  • Comics
  • DramaAlert
  • Gossip
  • Movie
  • Music
  • TV
  • Uncategorized
No Result
View All Result

Recent News

  • Social Media Reacts To Shannon Sharpe’s Rough Week
  • ‘FUBAR’ Cancelled, Netflix, Arnold Schwarzenegger, Season 3
  • Alaina Saulsberry & Muneera Page Talk ‘Heart & Hustle: Houston’

Copyright © 2023 DramaWired.
DramaWired is a content aggregator and not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Celebrity
  • DramaAlert
  • Gossip
  • Movie
  • TV
  • Music
  • Comics
  • Shop

Copyright © 2023 DramaWired.
DramaWired is a content aggregator and not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In