{"id":211436,"date":"2021-03-25T15:45:49","date_gmt":"2021-03-25T12:45:49","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/684k-filed-in-drop-below-pre-covid-record\/"},"modified":"2021-03-25T15:45:49","modified_gmt":"2021-03-25T12:45:49","slug":"684k-filed-in-drop-below-pre-covid-record","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/684k-filed-in-drop-below-pre-covid-record\/","title":{"rendered":"#684K filed in drop below pre-COVID record"},"content":{"rendered":"

“#684K filed in drop below pre-COVID record<\/strong>”<\/p>\n

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The number of Americans seeking unemployment benefits dropped last week to its lowest level since the start of the coronavirus crisis, the feds said Thursday.<\/p>\n

Last week\u2019s 684,000 initial jobless claims brought the total for the COVID-19 pandemic to more than 82.5 million \u2014 a number more than twice the size of Iraq\u2019s entire population.<\/p>\n

But the figure finally fell below the pre-pandemic record of 695,000 after\u00a052 consecutive weeks\u00a0of painfully high levels of layoffs while beating economists\u2019 expectations for 738,000 filings.<\/p>\n

\u201cThis is likely a sign of even better things to come for the nation\u2019s battered economy and the millions of individuals who are jobless, underemployed or have left the workforce but would like to work,\u201d said Mark Hamrick, senior economic analyst at Bankrate.<\/p>\n

Experts say there\u2019s more light at the end of the tunnel with lockdowns loosening, vaccinations rising and warmer weather on the horizon.<\/p>\n

\"A
Economists say there\u2019s more light at the end of the tunnel with lockdowns loosening, vaccinations rising and warmer weather on the horizon.<\/figcaption>
Joe Raedle\/Getty Images<\/span><\/figcaption><\/figure>\n

In another sign that the job market is slowly healing, the four-week moving average for new jobless filings dropped by 736,000 last week from 749,000 the prior week, the US Department of Labor data show.<\/p>\n

Next week\u2019s closely watched jobs report for March is also expected to show the nation\u2019s non-farm payrolls growing by 500,000 jobs this month, up from 379,000 in February,\u00a0according to Wrightson ICAP.<\/p>\n

\u201cWe\u2019ll still need a few more weeks of data to make it official, but claims should start accelerating down now at a more rapid clip,\u201d said Robert Frick, corporate economist at Navy Federal Credit Union. \u201cDropping infections and deaths are to thank, and while cases are on the rise in 20 states, the increasing pace of vaccinations should cause the overall decline in both COVID-19 cases and unemployment claims to continue.\u201d<\/p>\n

\"A
Last week\u2019s 684,000 initial jobless claims brought the total for the COVID-19 pandemic to more than 82.5 million \u2014 a number more than twice the size of Iraq\u2019s entire population.<\/figcaption>
Justin Sullivan\/Getty Images<\/span><\/figcaption><\/figure>\n

But the labor market is still a long way away from a full recovery.\u00a0<\/p>\n

Workers filed more than twice as many initial jobless claims last week as they did in the second week of March 2020, federal data show. And out-of-work Americans claimed nearly 19 million weeks\u2019 worth of state and federal unemployment benefits in the week ending March 6, the bulk of which were filed under special pandemic relief programs.\n <\/p><\/div>\n

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Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

“#684K filed in drop below pre-COVID record” The number of Americans seeking unemployment benefits dropped last week to its lowest level since the start of the coronavirus crisis, the feds said Thursday. Last week\u2019s 684,000 initial jobless claims brought the total for the COVID-19 pandemic to more than 82.5 million \u2014 a number more than…<\/p>\n","protected":false},"author":1,"featured_media":211437,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/03\/jobs-50.jpg?quality=90&strip=all&w=1200","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[99246,1545,71439,5069,5071,70840],"class_list":["post-211436","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-3-25-21","tag-coronavirus","tag-department-of-labor","tag-economy","tag-unemployment","tag-unemployment-benefits"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/211436","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=211436"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/211436\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/211437"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=211436"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=211436"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=211436"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}