Smart. Sharp. Funny. Fearless.

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

Washington (AFP) – New U.S. claims for unemployment insurance benefits were little-changed last week from the previous period, suggesting still only modest tightening in the jobs market so far this year.

The Labor Department said Thursday that initial jobless claims, a sign of the pace of layoffs, totaled 312,000 in the week ending June 21, a decrease of 2,000 from the previous week.

The four-week moving average was slightly higher at 314,250, but sharply down from the average of 345,250 a year ago, a decline that has paralleled the sharp decline in the unemployment rate to 6.3 percent.

However, the still-high level of dropouts from the labor market, in addition to those officially unemployed, underpins official views that there remains a lot of slack in the labor force.

AFP Photo/Mark Wilson

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.