UNITED STATES NEWS

US jobless claims unchanged at 205,000

Dec 26, 2021, 6:00 PM

The number of Americans applying for unemployment benefits was unchanged last week, remaining at a historically low level that reflects the job market’s strong recovery from the coronavirus recession last year.

Jobless claims remained at 205,000. The four-week average, which smooths out week-to-week ups and downs, rose to just over 206,000. The numbers suggest that the spread of the omicron variant did not immediately trigger a wave of layoffs.

“Fortunately, there’s no evidence in this data of a new wave of fresh job loss,” said Mark Hamrick, senior economic analyst at Bankrate.com. “The pandemic’s resurgence is affecting the economy. The question is for how long and how much, and it (is) too early to know the answers.”

Altogether, 1.9 million Americans were collecting traditional unemployment aid the week that ended Dec. 11.

The weekly claims numbers, a proxy for layoffs, have fallen steadily most of the year. Employers are reluctant to let workers go at a time when it’s so tough to find replacements. The United States had a near-record 11 million job openings in October, and 4.2 million Americans quit their jobs — just off September’s record 4.4 million — because there are so many opportunities.

The job market has bounced back from last year’s brief but intense coronavirus recession. When COVID hit, governments ordered lockdowns, consumers hunkered down at home and many businesses closed or cut back hours. Employers slashed more than 22 million jobs in March and April 2020, and the unemployment rate rocketed to 14.8%.

But massive government spending — and eventually the rollout of vaccines — brought the economy back. Employers have added 18.5 million jobs since April 2020, still leaving the U.S. still 3.9 million jobs short of what it had before the pandemic. The unemployment rate has fallen to 4.2%, close to what economists consider full employment.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Lifetime Windows & Doors

United States News

FILE - Huntington Mayor Steve Williams, left, and lawyer Rusty Webb enter the Robert C. Byrd United...
Associated Press

US judge finds for 3 drug distributors in WVa opioid lawsuit

CHARLESTON, W.Va. (AP) — A federal judge on Monday ruled in favor of three major U.S. drug distributors in a landmark lawsuit that accused them of causing a health crisis by distributing 81 million pills over eight years in one West Virginia county ravaged by opioid addiction. The verdict came nearly a year after closing […]
20 hours ago
Mynor Cardona and Ufemia Tomas, parents of Yenifer Yulisa Cardona Tomás, smile as they talk with h...
Associated Press

A migrant survivor of the trailer: ‘They couldn’t breathe’

GUATEMALA CITY (AP) — The advice of a friend to stay near the door of a semi-trailer may have saved Yenifer Yulisa Cardona Tomás from the deadly end that 53 other migrants met when the truck was abandoned last week on the outskirts of San Antonio. Cardona Tomás, a 20-year-old from Guatemala’s capital, said in […]
20 hours ago
Associated Press

San Francisco property owners banned from parking car on it

SAN FRANCISCO (AP) — A San Francisco couple that parked their car for decades on a paved part of their property in front of their home has been banned from doing so unless they want to risk steep fines. KGO-TV reported Monday that city officials sent a letter to Judy and Ed Craine telling them […]
20 hours ago
Associated Press

San Francisco property owners banned from parking car on it

SAN FRANCISCO (AP) — A San Francisco couple that parked their car for decades on a paved part of their property in front of their home has been banned from doing so unless they want to risk steep fines. KGO-TV reported Monday that city officials sent a letter to Judy and Ed Craine telling them […]
20 hours ago
Travelers check their flights at Miami International Airport, Saturday, July 2, 2022, in Miami. The...
Associated Press

Flight cancellations ease slightly as July 4 weekend ends

DALLAS (AP) — Travelers flying home from July Fourth getaways faced flight delays Monday, but airlines were canceling fewer flights than in the days leading up to the holiday weekend. Since holiday weekend travel picked up on Thursday, airlines have canceled more than 2,200 U.S. flights, and another 25,000 were delayed. Airports were packed. More […]
20 hours ago
A Chicago Police helicopter flies over Guaranteed Rate Field after a Fourth of July parade shooting...
Associated Press

White Sox, MLB decide to play game after parade shooting

CHICAGO (AP) — The Chicago White Sox talked to Major League Baseball on Monday about postponing their game against the Minnesota Twins after a gunman opened fire on an Independence Day parade in suburban Chicago, killing at least six people. After speaking with MLB and contact with local authorities, the game began on time. The […]
20 hours ago

Sponsored Articles

...
Dr. Richard Carmona

Great news: Children under 5 can now get COVID-19 vaccine

After more than two years of battle with an invisible killer, we can now vaccinate the youngest among us against COVID-19. This is great news.
...
Day & Night Air Conditioning, Heating and Plumbing

Most plumbing problems can be fixed with regular maintenance

Instead of waiting for a problem to happen, experts suggest getting a head start on your plumbing maintenance.
...
Arizona Division of Problem Gambling

Arizona Division of Problem Gambling provides exclusion solution for young sports bettors

Sports betting in Arizona opened a new world to young adults, one where putting down money on games was as easy as sending a text message.
US jobless claims unchanged at 205,000