It’s Thursday, So

It’s time for the weekly jobless claims. Initial unemployment claims dropped slightly:

New applications for U.S. unemployment benefits fell slightly last week as employers clung to workers in a tight labor market.

Initial jobless claims, a proxy for layoffs, decreased to 184,000 last week from 186,000 a week earlier, the Labor Department said Thursday.

Jobless claims have hovered around half-century lows since late 2021 as the labor market has continued to improve during the economic recovery. The four-week average for claims, which smooths out volatility, nudged up to 177,250 from 172,750 a week earlier.

Continuing claims, a proxy for the total number of people receiving payments from state unemployment programs, declined to 1.42 million for the week ended April 9 from the previous week’s total of 1.48 million. Continuing claims are reported with a one-week lag.


High employer demand for labor and rising wages are helping draw sidelined workers into the labor force, economists say. The labor-force participation rate — the share of adults working or looking for work — remains below prepandemic levels, but is rising. It increased to 62.4% in March, up from 62.3% in February and from a pandemic low of 60.2% in April 2020.

The labor force participation rate has still not recovered to pre-pandemic levels, and is not even close to the Wall Street meltdown, much less the numbers in 2000.

There are a lot of people missing from job market.




Husband, father, pinko, slave to cats

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

Why Free Trade Within Canada is Not So Simple

The Lackluster November Jobs Report May Be Good News As It Serves To Push For Another Round Of…

The World Economic Forum: A Siren Song.

Complexity, Risk, and Financial Markets

Digital Economy Series (#6): In a digital economy will the abundance of data fuel a golden age of…

Losses of War

What Everyone Seems To Be Missing About Wealth Tax

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Matthew G. Saroff

Matthew G. Saroff

Husband, father, pinko, slave to cats

More from Medium

2022–05–16 Asia morning update (it’s Monday, are things getting steadier?)

“If You Can See It You Can Be It”: Practicing in Public Helps Us and Others

How to Attract and Identify a Purple Finch

Daddy, I’m Scared