Unemployment Claims , Hit Pandemic Low.<br />ABC News reports the amount of Americans applying for unemployment benefits dwindled <br />to an all-pandemic low last week.<br />Jobless claims fell by 14,000, leaving the total tally of Americans who had applied for benefits hovering around 269,000. .<br />Economists continue to say the <br />labor market is on the rebound.<br />[Unemployment] claims are headed in the right direction, showing the labor market recovery continues, <br />albeit slowly. , Economists With Contingent Macro Research, via ABC News.<br />In March and April 2020, amid the onset of <br />the COVID-19 pandemic, employers <br />eliminated more than 22 million jobs.<br />2.1 million Americans were collecting unemployment insurance as of Oct 23.<br />Economists say that consumers have resumed their pre-pandemic spending habits.<br />Consumer demand is now putting a strain on the labor forces of many large corporations.<br />Consumer demand is now putting a strain on the labor forces of many large corporations.<br />Companies complain they are having <br />trouble finding more employees.<br />10.4 million new jobs <br />were posted in August. .<br />It is estimated that 400,000 new <br />workers were added in October.<br />Some corporations have now resorted to raising wages and offering signing bonuses to fill these positions
