.MaddowBlog: The new data on unemployment claims hasn't just improved, it's actually far better than the pre-pandemic levels.
from the Labor Department, which offered some of the best news on layoffs since the late 1960s.
In early October, jobless claims finally dipped below 300,000 — putting us within shouting distance of the levels seen before the Covid-19 crisis began in earnest — and now we've dipped below 200,000 for the third time since mid-November, which hardly seemed possible in the recent past. As of today, we've not only reached the pre-pandemic average, we've also improved on it. The economy still needs work, but breakthroughs like these are still worth celebrating.: Some friends recently asked me about the difference between these numbers and the monthly job numbers, so let's quickly recap the relevant details.
It's an important weekly look at the employment landscape for an obvious reason: The more Americans are laid off, the worse it appears for the economy. The inverse is also true: As layoff totals improve, it's evidence of a healthier economy.
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Weekly jobless claims total 198,000, less than expected and around 52-year lowJobless claims for the week ended Dec. 25 totaled 198,000, less than the 205,000 Dow Jones forecast and a dip of 8,000 from the previous period.
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Jobless claims fall to 198,000 and stick near 52-year low. Businesses shun layoffs amid labor shortageSome 198,000 people who recently lost their jobs applied for unemployment benefits during Christmas week. That number is really low, reflecting the reluctance of businesses to lay off workers when labor is so hard to find.
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Happy New Year 2022: A look back at Chicago's ups and downs in 2021Happy New Year 2022! Here's a recap of Chicago's ups and downs in 2021, including COVID debacles in public schools, community events and crime.
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MicroStrategy Buys Another $94.2 Million Worth of BitcoinMicroStrategy is wrapping up the year with another Bitcoin announcement
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Essential California: Keeping hope alive in 2022One year later, the first people to get the COVID-19 vaccine are remaining hopeful that progress will continue in the new year.
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Child Covid hospitalizations are up, especially in 5 statesIn the last four weeks, the average number of children hospitalized with Covid-19 jumped 52 percent, from a low of 1,270 on Nov. 29 to 1,933 on Sunday
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