The National  Memo Logo

Smart. Sharp. Funny. Fearless.

Monday, December 09, 2019 {{ new Date().getDay() }}

WASHINGTON (AFP) – Fewer people filed new claims for U.S. unemployment insurance benefits last week as the job market slowly improves, government data released Thursday showed.

Initial jobless claims fell to 334,000 in the week ending July 13, a drop of 24,000 from the prior week’s slightly downwardly revised reading of 358,000.

Most analysts expected a smaller decline to 348,000.

Claims, a key indicator of the pace of layoffs, have been trending lower. Last week’s four-week moving average highlighted that decline, falling by 5,250 to 346,000.

A year ago, the average stood at 375,000.

The Federal Reserve, in its Beige Book report on Wednesday, said the economy has been growing at a “modest to moderate pace” but pointed to employer “reluctance” in some regions to hire permanent or full-time workers.

The Fed has made the reduction of high unemployment, which stood at 7.6 percent for the second month in a row in June, an overarching goal of its big stimulus program.

Photo Credit: AFP/Justin Sullivan

Start your day with National Memo Newsletter

Know first.

The opinions that matter. Delivered to your inbox every morning

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.

Dr. Anthony Fauci

Reprinted with permission from AlterNet

Medical experts have been fearing that a new COVID-19 variant would emerge that is even more infectious than the Delta variant, and a new mutation that has emerged in South Africa has some doctors expressing concerns. One of them is 80-year-old expert immunologist Dr. Anthony Fauci, President Joe Biden’s top White House medical adviser. Fauci discussed this new South African variant, which is called B.1.1.529, during a Friday, November 26 appearance on CNN’s New Day.

Keep reading... Show less
x
{{ post.roar_specific_data.api_data.analytics }}