New jobless claims hit historic lows and the worker shortage continues
December 30, 2021
Initial jobless claims released today from the Labor Department are at 198,000 for the week ending Dec. 25, somewhat lower than expected and historically low — in fact close to the lowest level since 1969. Continuing claims for the week ending Dec. 18 were at 1.716 million, a new low point since the start of the pandemic.
Recent News
Grocery Prices Have Finally Fallen for the First Time in a Year
Some grocery staples are seeing a decline in price.
Under Armour Layoffs Set Company up for Major Restructuring, Says CEO
Amid a decline in revenue, the brand is restructuring.
Almost 900,000 Yogi Tea Bags Recalled Over Pesticides
East West Tea Company, LLC has initiated a recall affecting almost 900,000 Yogi tea bags in 54,846 boxes sold nationwide.
McDonald’s Introduces Limited-Time $5 Value Meal & New McFlurry
McDonald’s will launch a $5 value meal in the U.S. starting June 25, available for roughly a month.