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Jobless Claims Surge To Highest Level in Nearly A Year, Ongoing Joblessness Hits Highest Since 2021. Thanks Joe and Kamala.
Well, we continue to see that the economy is still struggling. Again, Jobless claims have risen. And that’s been happening ever since Donald Trump left office. We have this from Breitbart.
This was higher than even the most pessimistic forecasts in Econoday’s survey and far above the consensus estimate of 236,000.
The number of people collecting unemployment benefits beyond their initial week increased by 33,000 to 1.88 million. This is the highest number of continuing claims since 2021, when the economy was still staggering from the pandemic. The rise continuing claims indicates that Americans who have lost their jobs are having more trouble finding new work.
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