New US Jobless Claims <br />Fall to 375,000, as Nearly 3 Million <br />Americans Remain Unemployed.<br />For the third week in a row, initial jobless claims <br />declined as the United States' labor market <br />continues to recover from the 2020 recession.<br />For the third week in a row, initial jobless claims <br />declined as the United States' labor market <br />continues to recover from the 2020 recession.<br />On August 12, the Labor Department said <br />that new claims for jobless benefits <br />came down to 375,000 last week.<br />On August 12, the Labor Department said <br />that new claims for jobless benefits <br />came down to 375,000 last week.<br />CNBC reports that there were also <br />a record high number of open jobs <br />at the end of July.<br />The number of continuing jobless claims fell to 2.866 million for the last week of July, according to the same report. .<br />That is the lowest level <br />since mid-March 2020.<br />In an effort to bring back jobs lost during <br />the shutdown, Federal Reserve officials <br />let inflation steadily climb.<br />In an effort to bring back jobs lost during <br />the shutdown, Federal Reserve officials <br />let inflation steadily climb.<br />According to CNBC, Christopher Waller, a member of the Federal Reserve Board of Governors, said that strong jobs reports could lead the central bank to slow that inflation in the fall.<br />According to CNBC, Christopher Waller, a member of the Federal Reserve Board of Governors, said that strong jobs reports could lead the central bank to slow that inflation in the fall.<br />While unemployment benefits and payouts <br />were expanded during the pandemic, <br />some states have already ended the programs.<br />While unemployment benefits and payouts <br />were expanded during the pandemic, <br />some states have already ended the programs.<br />The national unemployment program <br />is set to expire in September.
