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U.S. Jobless Claims Fall

@AFP

Washington (AFP) — First-time claims for U.S. unemployment benefits fell last week, adding to signs of a firming jobs market, government data showed Thursday.

Initial jobless claims, a sign of the pace of layoffs, totaled 311,000 in the week of March 22, down from 321,000 the previous week, the Labor Department said.

The four-week moving average fell by 9,500 to 317,750 claims. A year ago the average stood at 343,000 claims.

Ian Shepherdson of Pantheon Macroeconomics warned not to conclude that the recent fall in claims is a permanent shift.

“We are still cautious about calling the data evidence of a real downshift in the trend,” he said.

“Claims are volatile and it takes more than three good weeks to establish a new trend.”

In February, the U.S. unemployment rate was 6.7 percent and the economy added 175,000 jobs, picking up the pace of job growth.

AP Photo/Elise Amendola

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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, a novel and a memoir. Visit him at DanzigerCartoons.

Donald Trump

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New details about the direct role that Donald Trump played in developing a strategy to overturn the 2020 election were revealed in a federal court filing from election coup attorney John Eastman late Thursday.

Eastman is several months into a battle to keep records of his work for Trump in the run-up to January 6 confidential. but in his latest parry to bar access to emails he says should be protected under attorney-client privilege, he has revealed that Trump sent him at least “two hand-written notes” containing information “he thought might be useful for the anticipated litigation” challenging election results.

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