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From: LostInTheWasteLand@noemail.org

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New weekly claims for jobless aid plunged to the lowest level in more
than 50 years last week, according to data released Wednesday by the
Labor Department.

In the week ending Nov. 20, there were 199,000 initial applications for unemployment insurance, according to the seasonally adjusted figures, a
decline of 71,000 from the previous week. Claims fell to the lowest
level since November 1969 and are now well below the pre-pandemic trough
of 225,000 applications received the week of March 14, 2020.

The steep drop in unemployment applications comes after several strong
months of job growth and rising consumer spending heading into the
holiday shopping season. While high inflation has stressed many
household budgets, U.S. job growth, economic production, stock values
and corporate profits have all steamed ahead.

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* Origin: www.darkrealms.ca (1:229/2)