Number of people drawing unemployment continues to improve, but very slowly, as of the start of November 2021.
The number of new claims for unemployment is slowly declining.
For the week ending 11/6/21 there were 267,000 new claims. While this is encouraging progress, keep in mind the number of people who are getting laid off is still far above the average of 212,000 per week all the way back in January and February 2020. We are still seeing more people laid off every week than before the pandemic began.
(Posts on my other blogs discussing the unemployment situation are going to be cross-posted to this blog. Intentional federal policies are a drag on the employment situation and thus need to be discussed here as a drag on our economic freedom.)
Here is a recap of newly unemployed over the last several months:(more…)