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By Hannah Lang Filings for unemployment benefits in the latter half of February reached their lowest level in nearly three months amid signs of slow labor-market improvement. The Labor Department said jobless claims, a proxy for layoffs, rose slightly to 745,000 for the week ended Feb. 27, from a revised 736,000 the prior week. The four week moving-average, which smooths out week-to-week volatility in claims numbers, was just under 800,000, its lowest level since early December. Despite the easing, worker filings for jobless benefits have remained elevated since the pandemic hit last March, holding above a pre-pandemic peak of 695,000. We re almost getting used to these high numbers, said AnnElizabeth Konkel, an economist at jobs site Indeed. The only thing that s going to fix it is getting the public health situation under control.
Jobless Claims Have Eased Along With Other Signs of Slow Recovery
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U S Jobless Claims Hold Nearly Steady — 2nd Update
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U.S. Jobless Claims Hold Nearly Steady 2nd Update
03/04/2021 | 01:36pm EDT
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By Hannah Lang Filings for unemployment benefits in the latter half of February reached their lowest level in nearly three months amid signs of slow labor-market improvement. The Labor Department said jobless claims, a proxy for layoffs, rose slightly to 745,000 for the week ended Feb. 27, from a revised 736,000 the prior week. The four week moving-average, which smooths out week-to-week volatility in claims numbers, was just under 800,000, its lowest level since early December. Despite the easing, worker filings for jobless benefits have remained elevated since the pandemic hit last March, holding above a pre-pandemic peak of 695,000.
Survey: Majority of Business Leaders Don’t Support $15 Minimum Wage; Job Seekers Narrowly Approve
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In a recent poll from Express Employment Professionals, business leaders overwhelmingly say they don t support a minimum wage hike right now, while job seekers only narrowly call for one. Everyone deserves a fair wage, and we see this happening all over the country as demand picks up again. - Express CEO Bill Stoller OKLAHOMA CITY, Okla. (PRWEB) March 03, 2021 Seventy-four percent of business leaders do not support a federal minimum wage increase to $15 per hour, while job seekers narrowly support the measure at 57%.
This is according to a recent poll conducted on Express Employment Professionals’ blogs for business leaders and job seekers.