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The number of Americans filing new unemployment claims decreased to 293,000 last week as companies are holding onto workers amind high demand for labor.
The Bureau of Labor Statistics figure released Thursday shows a 36,000 claim decrease in the number of new jobless claims compared to the week ending Oct. 2, when 326,000 jobless claims were reported.
Jobless claims were expected to drop to just 318,000, according to CNBC, as experts pointed to companies keeping workers to fill positions amid increasing demand.
“Employers are trying to figure out how to attract job seekers, and it’s challenging,” AnnElizabeth Konkel, an economist at Indeed, told The Wall Street Journal .
This week’s jobless claim number may be a sign that the jobs market is slowly returning to its pre-pandemic norm, according to CNBC. The four-week moving average of jobless claims dropped by over 10,000, its lowest since March 14, 2020, according to the report.
The U.S. economy recorded an increase of 194,000 jobs in September, and the unemployment rate fell to 4.8%, the Department of Labor announced Friday.
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Meanwhile, a record 4.3 million Americans quit their jobs in August, with retail and bar and restaurants seeing a large surge in quitting employees, the Bureau of Labor Statistics said in a report released Tuesday. Experts believed that the record figure relates partly to workers wanting jobs with convenient hours, increased pay and improved working conditions, The Washington Post reported .
Inflation also increased in September, with the Consumer Price Index increasing 0.4%, bringing the key inflation indicator’s year-over-year increase to 5.4%, the U.S. Bureau of Labor Statistics announced Wednesday.Copyright 2020 The Daily Caller News Foundation Content created by The Daily Caller News Foundation is available without charge to any eligible news publisher that can provide a large audience. For licensing opportunities of our original content, please contact [email protected]
One Sick Day Proves We Need More Voices in Truthful Media
On October 19, I was sick. It crossed my mind that I had finally gotten the ‘rona, but my wife’s cream of chicken soup and a few extra hours of sleep into mid-afternoon had be back up and running after a sleepless night before.
When I finally stumbled over to my computer in the evening, I was met with a deluge of concern from readers. They asked what had happened as only one article had been posted that day. Generally, we post between 10-20 daily between all of the sites, not included curated and aggregated content. Seeing that we’d only posted my super-early morning article before taking the rest of the day off had readers assuming the worst.
We have a wonderful and talented group of writers who volunteer their time for the sites and their readers. Sharing their amazing perspectives has always been a blessing to us because we cannot afford to hire anyone at this time. But having great writers is meaningless if we don’t have great editors, or at least one additional. My wife helps me read and edit stories from time to time, but I’m a one-man show when it comes to getting the stories posted.
Whenever I highlight our desperate need for donations, I note that we do not receive money from Google ads even though most in conservative media are beholden. I often ambiguously note that the money donated will help us grow. Today, I’m highlighting a specific need. We must get an editor to help take some of the load and to expand on our mission of spreading the truth to the world. One sick day proved that.
The great news is that there is no shortage of people who CAN help. I am emailed variations of resumes every week by people who are much smarter than I am. As much as I’d love to hire some of them, we simply cannot. That takes money and as blessed as we’ve been to receive donations and collect ad money (though not from Google or Facebook), we have still fallen short.
Those who have the means, PLEASE consider donating. We have the standard Giving Fuel option and people can donate through PayPal. We are also diving into what we believe is extremely disruptive technology at LetsGo.finance, the world’s first major donation portal for crypto. I’ll be talking a lot more about them in the near future. Those who prefer Bitcoin can send to my address here: 3A1ELVhGgrwrypwTJhPwnaTVGmuqyQrMB8
We can get the voices out there and we’re willing to shine a spotlight on new talent. We just need the resources to make it happen. If you can help, we would be extremely grateful.
Thank you and God bless!
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JD Rucker – EIC