The National  Memo Logo

Smart. Sharp. Funny. Fearless.

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

Washington (AFP) – New claims for U.S. unemployment insurance benefits fell last week to 300,000, pulling the trend line to its lowest level in nearly seven years, the Labor Department said Thursday.

New claims, a sign of the pace of layoffs, fell by 27,000 in the week to May 24. The four-week moving average fell to 311,500, the lowest since August 11, 2007.

The figures indicated a modest but continuing tightening in labor markets — fewer layoffs and strengthening monthly numbers for job creation.

The U.S. economy added 288,000 jobs in April, the strongest job growth in more than two years.

The unemployment rate fell to 6.3 percent from 6.7 percent in March. That was the lowest level in nearly six years, though in part it reflected a climb in dropouts from the labor force.

AFP/Saul Loeb

Start your day with National Memo Newsletter

Know first.

The opinions that matter. Delivered to your inbox every morning

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.

Florida Gov. Ron DeSantis

Photo from Ron DeSantis' official Facebook

Reprinted with permission from Press Run

Florida has become a Covid-19 debacle, again.

Keep reading... Show less
x

Close