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WASHINGTON (AFP) – New claims for U.S. unemployment insurance benefits edged higher last week from the previous period, the Labor Department said Thursday, but held to the downward trendline.

Initial jobless claims totaled 333,000 in the week ending August 3, up from 328,000 the previous week.

But the four-week moving average continued to push lower, to 335,000, compared to nearly 370,000 per week a year earlier.

On Friday the government reported that the overall unemployment rate fell in July to 7.4 percent, on tepid job creation of 162,000 net new positions, as rising dropouts from the workforce continued to shape the jobless rate.

Photo Credit: AFP/Alex Wong

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Danziger Draws

Jeff Danziger lives in New York City. He is represented by CWS Syndicate and the Washington Post Writers Group. He is the recipient of the Herblock Prize and the Thomas Nast (Landau) Prize. He served in the US Army in Vietnam and was awarded the Bronze Star and the Air Medal. He has published eleven books of cartoons and one novel. Visit him at DanzigerCartoons.

President Joe Biden

Photo by The White House

Reprinted with permission from Press Run

Amid breathless reports of a political "free fall" and reeling from the White House's "summer from hell," the Beltway press has leaned into the idea that Joe Biden's presidency is unraveling — that his approval rating is in a state of collapse.

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