New Jobless Claims , Reach Lowest Level , Since 1969.<br />On November 24, the United States Labor Department reported that the number of people submitting jobless claims hit a 52-year record low last week. .<br />On November 24, the United States Labor Department reported that the number of people submitting jobless claims hit a 52-year record low last week. .<br />NBC reports that there were only <br />199,000 new filings, the lowest it's been since <br />November 15, 1969, when claims were just 197,000. .<br />NBC reports that there were only <br />199,000 new filings, the lowest it's been since <br />November 15, 1969, when claims were just 197,000. .<br />The Labor Department did not attribute <br />the dramatic fall to any specific factors. .<br />NBC suggests this could be a good sign <br />for a struggling job market <br />still reeling from the pandemic. .<br />Continuing unemployment claims fell 60,000 <br />to reach 2.05 million, according to NBC, <br />another good sign of a recovering job market. .<br />Data through November 6 suggests that <br />the total number of people receiving benefits <br />dropped by 752,390 to reach 2.43 million. .<br />NBC points out that the new data comes amid an inflation rate rising at its fastest pace in 30 years. .<br />Supply chain disruptions have driven prices up while consumer demand has also escalated. .<br />Supply chain disruptions have driven prices up while consumer demand has also escalated. .<br />A report by the U.S. Commerce Department <br />saw wages and salaries increase $301.1 billion, <br />over 50% higher than the original estimate. .<br />A report by the U.S. Commerce Department <br />saw wages and salaries increase $301.1 billion, <br />over 50% higher than the original estimate. .<br />While the Federal Reserve has indicated <br />that it may hike rates once in 2022, <br />according to the CME’s FedWatch tracker, <br />traders see a 61% chance of three increases next year. .<br />While the Federal Reserve has indicated <br />that it may hike rates once in 2022, <br />according to the CME’s FedWatch tracker, <br />traders see a 61% chance of three increases next year.
