The still-elevated number of jobless claims underscores that a full recovery from the pandemic recession remains far off. Job growth has slowed for three straight months, leaving the economy still 10.7 million jobs short of its pre-pandemic level.http://apne.ws/HqqahIa
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Savings? Most people don't have 'savings' they're living paycheck to paycheck.
End of conversation
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We know the economy was in a downward trend pre COViD https://www.google.com/amp/s/www.foxbusiness.com/economy/us-recession-started-in-february-researchers-say.amp …
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Unemployment benefits only last so long. If you've been on them since March, and didn't get approved for an extension, then yeah, claims drop because they now literally have no income, even from unemployment.
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And these are NEW claims not claims of people who are actually on it already
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I have to believe the number of jobless claims (the
#of persons receiving checks) have dropped not because they became employed but because their claims ran out. Still unemployed but with no benefit.Thanks. Twitter will use this to make your timeline better. UndoUndo
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