Biden Creating Massive Jobs, Weekly Unemployment Claims lowest Since Pandemic Start

[kiketerm]

LOL! Sore losers everywhere! Biden's just released weekly Unemployment claims are now the lowest since the 2x impeached one term loser ex President wrecked the economy LOL!


Weekly jobless claims tumble to lowest level in more than a year
PUBLISHED THU, MAR 25 20218:31 AM EDTUPDATED THU, MAR 25 20219:17 AM EDT

Jeff Cox@JEFF.COX.7528@JEFFCOXCNBCCOM
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KEY POINTS

• Weekly jobless claims totaled 684,000 last week, a decline from the 781,000 the week before and below the 735,000 Dow Jones estimate.
• This was the first time claims had been below 700,000 during the pandemic era.

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VIDEO03:21
Weekly jobless claims fall to lowest level in more than a year

First-time claims for unemployment insurance unexpectedly fell sharply last week amid signs that hiring has picked up in the U.S. economy, the Labor Department reported Thursday.

Claims totaled 684,000 for the week ended March 20, the first time the number has been below 700,000 during the Covid-19 era. The level was a substantial decline from the 781,000 from a week earlier and was the lowest since March 14, 2020, just as the pandemic had begun.

Economists surveyed by Dow Jones had been expecting claims to total 735,000.

A separate release Thursday showed that gross domestic product was stronger than anticipated in the fourth quarter. The third and final reading on GDP showed a gain of 4.3%, up from previous estimates and the Wall Street consensus of 4.1%.

Policymakers have been watching the jobs data more closely, though, for clues about where the economy is headed.
Last week’s progress showed that the jobs market is gaining traction amid aggressive government stimulus and a vaccination program that is seeing close to 2.5 million Americans a day getting shots aimed at stopping the Covid spread.
The most recent weekly claims total also marks the first time the total is less than the pre-pandemic record of 695,000 hit in early October 1982.

In addition to the drop in weekly claims, continuing claims, which run a week behind, declined to 3.87 million, a slide of 264,000.

The total of those receiving benefits did spike to nearly 19 million, though that data runs two weeks behind the claims numbers. A continuing decline in those getting assistance under special pandemic-era programs is likely to bring the total down in coming weeks.

Wall Street continued to indicate a lower open despite the better-than-expected jobs news.
While the claims numbers overall remain elevated by historical standards, the job situation is markedly better than a year ago.

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For the week ended March 21, 2020, claims totaled 3.3 million and would explode higher to nearly 6.9 million a week later as companies laid off workers amid a rash of government-ordered shutdowns across the country.
Weekly claims would not fall below 1 million until the end of August, and 22.4 million workers would lose their jobs in just March and April. Nearly 13 million of those jobs have been recovered since then.
Despite the stronger jobs picture, Federal Reserve Chairman Jerome Powell indicated Thursday that the central bank will continue its aggressive policies to keep growth pushing higher.
“We will very, very gradually over time and with great transparency, when the economy has all but fully recovered, we will be pulling back the support that we provided during emergency times,” Powell told NPR’s “Morning Edition.

 

[capamerica]

Another wave could derail the whole progress, US needs another month of vaccinations before the economy can really open up fully.

 

[redbull313]

No trump everything better

 

[eatshitndie]

too soon for you to post bs.
https://finance.yahoo.com/news/week...k-ended-march-13-2021-pandemic-165400695.html
Jobless claims: Another 770,000 Americans filed new unemployment claims

Emily McCormic, March 18, 2021

U.S. new weekly jobless claims unexpectedly rose last week even amid a wave of abating social distancing restrictions and improving weather.

The Department of Labor released its weekly report on new jobless claims on Thursday at 8:30 a.m. ET. Here were the main metrics from the report, compared to consensus data compiled by Bloomberg:

• Initial jobless claims, week ended March 13: 770,000 vs. 700,000 expected and an upwardly revised 725,000 during the prior week
• Continuing claims, week ended March 6: 4.124 million vs. 4.034 million expected and 4.144 million during the prior week

 

[TuckFrump]

too soon for you to post bs.
https://finance.yahoo.com/news/week...k-ended-march-13-2021-pandemic-165400695.html
Jobless claims: Another 770,000 Americans filed new unemployment claims

Emily McCormic, March 18, 2021

U.S. new weekly jobless claims unexpectedly rose last week even amid a wave of abating social distancing restrictions and improving weather.

The Department of Labor released its weekly report on new jobless claims on Thursday at 8:30 a.m. ET. Here were the main metrics from the report, compared to consensus data compiled by Bloomberg:

• Initial jobless claims, week ended March 13: 770,000 vs. 700,000 expected and an upwardly revised 725,000 during the prior week
• Continuing claims, week ended March 6: 4.124 million vs. 4.034 million expected and 4.144 million during the prior week

https://www.politicususa.com/2021/0...=trump-gop-killed-americans-pandemic-response

THU, MAR 25TH, 2021 BY JASON EASLEY
Study Finds Trump And GOP Killed Hundreds Of Thousands Of Americans With Pandemic Response

Trump and the Republican Party’s refusal to adopt a federal pandemic response on mask-wearing social distancing, and testing resulted in the needless deaths of hundreds of thousands of Americans.


According to a new Brookings Institute study as reported by Reuters:

The United States squandered both money and lives in its response to the coronavirus pandemic, and it could have avoided nearly 400,000 deaths with a more effective health strategy and trimmed federal spending by hundreds of billions of dollars while still supporting those who needed it.

That is the conclusion of a group of research papers released at a Brookings Institution conference this week, offering an early and broad start to what will likely be an intense effort in coming years to assess the response to the worst pandemic in a century.

U.S. COVID-19 fatalities could have stayed under 300,000, versus a death toll of 540,000 and rising, if by last May the country had adopted widespread mask, social distancing, and testing protocols while awaiting a vaccine, estimated Andrew Atkeson, economics professor at University of California, Los Angeles.

The Brookings study is one of the first to show the direct human costs of Trump’s refusal to take responsibility for the federal response. Hundreds of thousands of Americans died because Donald Trump refused to put public health ahead of his reelection campaign. Hundreds of thousands of families lost loved ones because Republicans allowed Donald Trump not to place public health first.

A political party that willfully refuses to act at a federal level during a pandemic does not deserve to ever be in power again.

 

[TuckFrump]

too soon for you to post bs.
https://finance.yahoo.com/news/week...k-ended-march-13-2021-pandemic-165400695.html
Jobless claims: Another 770,000 Americans filed new unemployment claims

Emily McCormic, March 18, 2021

U.S. new weekly jobless claims unexpectedly rose last week even amid a wave of abating social distancing restrictions and improving weather.

The Department of Labor released its weekly report on new jobless claims on Thursday at 8:30 a.m. ET. Here were the main metrics from the report, compared to consensus data compiled by Bloomberg:

• Initial jobless claims, week ended March 13: 770,000 vs. 700,000 expected and an upwardly revised 725,000 during the prior week
• Continuing claims, week ended March 6: 4.124 million vs. 4.034 million expected and 4.144 million during the prior week

https://www.wsj.com/articles/weekly-jobless-claims-coronavirus-03-25-2021-11616627094

U.S. Jobless Claims Reach Lowest Level of the Pandemic
Claims fell to 684,000 last week, adding to evidence the economy is ramping up


By
Sarah Chaney Cambon
Updated March 25, 2021 11:28 am ET


Jobless claims reached their lowest level of the pandemic last week as stronger hiring and consumer spending drive a U.S. economic revival.

Worker filings for unemployment benefits, a proxy for layoffs, fell to 684,000 last week from 781,000 a week earlier. Claims are now at the lowest point since mid-March of last year, before lockdowns triggered millions of layoffs. They are also below the pre-pandemic high of 695,000, a threshold not crossed for 52 weeks.

“The recovery is really hitting full steam again, and all of the conditions will be in place for a real, explosive liftoff in the summer when hopefully we’ve reached a higher vaccination threshold,” said Julia Pollak, labor economist at jobs site ZipRecruiter.

 

[eatshitndie]

https://www.wsj.com/articles/weekly-jobless-claims-coronavirus-03-25-2021-11616627094

U.S. Jobless Claims Reach Lowest Level of the Pandemic
Claims fell to 684,000 last week, adding to evidence the economy is ramping up


By
Sarah Chaney Cambon
Updated March 25, 2021 11:28 am ET


Jobless claims reached their lowest level of the pandemic last week as stronger hiring and consumer spending drive a U.S. economic revival.

Worker filings for unemployment benefits, a proxy for layoffs, fell to 684,000 last week from 781,000 a week earlier. Claims are now at the lowest point since mid-March of last year, before lockdowns triggered millions of layoffs. They are also below the pre-pandemic high of 695,000, a threshold not crossed for 52 weeks.

“The recovery is really hitting full steam again, and all of the conditions will be in place for a real, explosive liftoff in the summer when hopefully we’ve reached a higher vaccination threshold,” said Julia Pollak, labor economist at jobs site ZipRecruiter.

that’s almost 690k claims in 6.9 days you twit.

 

[TuckFrump]

that’s almost 690k claims in 6.9 days you twit.

https://www.nbcnews.com/business/ec...s-fall-684-000-lowest-pandemic-began-n1262034


Latest weekly jobless claims fall to 684,000, lowest since pandemic began
"Increased vaccinations are hopefully the beginning of the end," said one economist.

Barbers from King's Cutz give haircuts indoors while observing Covid-19 safety restrictions on March 13, 2021 in Los Angeles.Mario Tama / Getty Images


March 25, 2021, 9:00 AM EDT
By Lucy Bayly

Initial weekly jobless claims fell to 684,000 last week, the lowest weekly total since the pandemic began, according to data released Thursday by the Department of Labor.
It's the first time since last March that claims for first-time unemployment have fallen below the 700,000 mark, and roundly beats economist expectations for 735,000 for the week ending March 20, 2021.

Continuing claims, which log ongoing benefits, fell to 3.87 million, down by 264,000. Total claims are still more than four times their pre-pandemic level.

"Things have improved over the last year, but there are still millions of people dealing with real economic pain," said AnnElizabeth Konkel, economist at Indeed Hiring Lab. "Increased vaccinations are hopefully the beginning of the end. Once the public health situation is improved, a full recovery can finally take place."

Policymakers have been closely watching employment data for signs that the economy is improving, as the number of vaccinations increases, restrictive measures on businesses are lifted in many states, and money from President Joe Biden's $1.9 trillion emergency stimulus package begins to circulate.


ECONOMYLatest weekly jobless claims fall to 684,000, lowest since pandemic began

Biden said last week that the United States will reach his goal of administering 100 million coronavirus vaccination shots ahead of schedule, hitting the milestone as 100 million stimulus checks go out.

But, while fewer people are losing their job, economic pain persists for millions of people.
"About 19 million Americans are on some form of unemployment assistance. True healing will take many more months to come," said Mark Hamrick, senior economic analyst at Bankrate.
Lucy Bayly
Lucy Bayly is the business editor for NBC News.

 

[eatshitndie]

https://www.nbcnews.com/business/ec...s-fall-684-000-lowest-pandemic-began-n1262034


Latest weekly jobless claims fall to 684,000, lowest since pandemic began
"Increased vaccinations are hopefully the beginning of the end," said one economist.

Barbers from King's Cutz give haircuts indoors while observing Covid-19 safety restrictions on March 13, 2021 in Los Angeles.Mario Tama / Getty Images


March 25, 2021, 9:00 AM EDT
By Lucy Bayly

Initial weekly jobless claims fell to 684,000 last week, the lowest weekly total since the pandemic began, according to data released Thursday by the Department of Labor.
It's the first time since last March that claims for first-time unemployment have fallen below the 700,000 mark, and roundly beats economist expectations for 735,000 for the week ending March 20, 2021.

Continuing claims, which log ongoing benefits, fell to 3.87 million, down by 264,000. Total claims are still more than four times their pre-pandemic level.

"Things have improved over the last year, but there are still millions of people dealing with real economic pain," said AnnElizabeth Konkel, economist at Indeed Hiring Lab. "Increased vaccinations are hopefully the beginning of the end. Once the public health situation is improved, a full recovery can finally take place."

Policymakers have been closely watching employment data for signs that the economy is improving, as the number of vaccinations increases, restrictive measures on businesses are lifted in many states, and money from President Joe Biden's $1.9 trillion emergency stimulus package begins to circulate.


ECONOMYLatest weekly jobless claims fall to 684,000, lowest since pandemic began

Biden said last week that the United States will reach his goal of administering 100 million coronavirus vaccination shots ahead of schedule, hitting the milestone as 100 million stimulus checks go out.

But, while fewer people are losing their job, economic pain persists for millions of people.
"About 19 million Americans are on some form of unemployment assistance. True healing will take many more months to come," said Mark Hamrick, senior economic analyst at Bankrate.
Lucy Bayly
Lucy Bayly is the business editor for NBC News.

from a high of $700k a week ago? that’s barely a scratch.

 

[TuckFrump]

from a high of $700k a week ago? that’s barely a scratch.

 

[capamerica]

from a high of $700k a week ago? that’s barely a scratch.

someone is very biased. Weekly claims below 700k from a week before, and you try to peddle it off as 2 weeks ago. face it, Biden is going to reboot the American economy no matter how much you dislike it.

cant wait for the real numbers to come in Q3 and Q4, you wont be pleased

 

[TuckFrump]

 

[TuckFrump]

https://www.businessinsider.com/biden-first-50-days-president-have-been-historic-success-2021-3

Biden inherited a mess, but his first 50 days as president have been a historic success
John Haltiwanger
Mar 11, 2021, 2:20 PM

President Joe Biden speaks during an event with the CEOs of Johnson & Johnson and Merck at the South Court Auditorium of the Eisenhower Executive Office Building March 10, 2021 in Washington, DC. Alex Wong/Getty Images

• Biden already has a major, historic legislative accomplishment on his record.
• The steps Biden has taken appear to be putting the US on the road to recovery from the pandemic.
• Still, Biden faces a slew of tough challenges, and the pandemic is far from over.
• See more stories on Insider's business page.

President Joe Biden was inaugurated two weeks after a violent insurrection at the Capitol and at the height of a pandemic that had already claimed over 400,000 American lives and dealt serious damage to the economy by the time he was sworn in.
But 50 days into his presidency, Biden already has a major legislative achievement under his belt. The House on Wednesday passed his $1.9 trillion COVID-19 stimulus package, which economists have predicted will provide a massive jolt to the economy. Biden signed the bill — one of the largest economic relief measures in US history — on Thursday.
The legislation includes $1,400 direct payments to eligible Americans, a boost to unemployment benefits, an expansion of the child tax credit, funding for vaccine distribution, and billions to help schools, colleges, and universities reopen.
Republicans overwhelmingly opposed the $1.9 trillion stimulus, painting it as too costly. But Democrats pushed it through the Senate via a tactic known as budget reconciliation, which protected the bill from a filibuster and only required a simple majority for it to pass.

Biden gets it done without Republican support in Congress, but with Americans behind him
Biden, who was in the Senate for decades before becoming vice president in the Obama administration and eventually president, campaigned on bringing "consensus" back to Washington. He's failing miserably on that front so far, as not a single Republican voted in favor of the stimulus. That said, he still got it done. And polling shows a strong majority of Americans support the rescue package.
A Pew Research Center poll released Tuesday found that 70% of US adults favor Biden's bill — including 41% of Republicans. A separate poll from Associated Press also found that 70% of Americans approve of the president's handling of the COVID-19 pandemic.
Whether congressional Republicans like it or not, history has been made and Americans are seemingly all for it.
Democrats are portraying the $1.9. trillion package as a historic anti-poverty measure.



Early analysis of the legislation found it primarily benefits middle and low-income households, and suggests it could drastically reduce poverty in the US. The non-partisan Urban Institute projected that the bill would reduce the annual poverty rate to 8.7% percent, as opposed to 13.7% without the legislation.
The ultimate impact of Biden's $1.9 trillion bill remains to be seen and the president has faced criticism from progressives for not fighting harder to keep a provision to raise the minimum wage to $15.
Regardless, the stimulus stands as among the most significant legislative accomplishments of any recent president in their first 100 days. It's akin to the roughly $800 billion economic relief package former President Barack Obama signed roughly a month into his tenure amid the Great Recession, which has been credited with staving off a second Great Depression.
Biden is off to a strong start, but still faces an array of complex challenges
Seeking to emulate the standard set by President Franklin D. Roosevelt during the Great Depression, Biden placed great emphasis on putting a significant dent in the COVID-19 crisis in his first 100 days. The stimulus is set to play a key role in this, and could be viewed as an inflection point in America's fight against the virus in the days, months, and years to come. With the pace of vaccination increasing across the US, Americans are beginning to see the light at the end of the tunnel almost a year after lockdowns first began.

Biden still faces a slew of convoluted challenges on the road ahead, and the pandemic is far from over. On the foreign policy front, there are significant roadblocks to Biden's plan to restore the 2015 Iran nuclear deal. He's also faced bipartisan criticism from congressional lawmakers over the first major military action of his presidency — airstrikes targeting Iran-backed militias in Syria in late February. Meanwhile, a surge in migrants at the border is complicating Biden's pledge to take a more humane approach to immigration than his predecessor.
In spite of this complex set of problems, recent polling shows a majority of Americans — roughly 53%, per FiveThirtyEight — approve of Biden's handling of the presidency so far. By almost every measure, Biden's first 50 days have been a historic success.

NEWSLETTER
Start your mornings with 10 Things in Politics You Need to Know Today. Sign up here.

 

[hbk75]

Rubbish lah. Like that print money call growth? Knn print 12 dollars only get $3 gdp in return.

 

[QANONSG]

Biden must not be allowed to continue. He is decent, honest, transparent, and his administration too experienced. How dare he appoint economic advisors whom turned the 2007 great financial crisis around? We are afraid the vaccinations and stimulus will fix local and state level government shortfalls, reopen businesses, end supply chain backlogs and put liquidity in the system which worked in 2008-2014! No! We want our HQ America to suffer and to continue to do poorly so that more people will go bankrupt and die.

What is Biden thinking? Just because the vaccinations are improving the economy and the capital will drive it to growth, did Biden not stop and think what we actually want is war, death, deflation and 50 Million Deaths? Instead he is fixing everything!

Biden is simply disgusting. He is not even President anyway. We want the messiah, whom killed so many people and destroyed commerce to return.

 

[TuckFrump]

Biden must not be allowed to continue. He is decent, honest, transparent, and his administration too experienced. How dare he appoint economic advisors whom turned the 2007 great financial crisis around? We are afraid the vaccinations and stimulus will fix local and state level government shortfalls, reopen businesses, end supply chain backlogs and put liquidity in the system which worked in 2008-2014! No! We want our HQ America to suffer and to continue to do poorly so that more people will go bankrupt and die.

What is Biden thinking? Just because the vaccinations are improving the economy and the capital will drive it to growth, did Biden not stop and think what we actually want is war, death, deflation and 50 Million Deaths? Instead he is fixing everything!

Biden is simply disgusting. He is not even President anyway. We want the messiah, whom killed so many people and destroyed commerce to return.

 

[mojito]

Dead people how to claim unployment insurance?

 

[busy123]

View attachment 106856

,much more peaceful now less fighting like under the trump time

 

[redbull313]

Dead people how to claim unployment insurance?

Dipshit moron

 

[busy123]

so what? more jobs for sinkees?