Fall in jobless claims as extra benefits end

According to data released Thursday by the Labor Department, inthe week ending September 4, seasonally adjusted initial claims for unemployment insurance totaled 310,000, falling by 35,000 to the lowest level since March 14, 2020. Claims are now less than 100,000 above the 225,500 total seen in the final week before covid-19 upended the global economy.

Despite this, new employments have fallen to their lowest level since January, with just 235,000 new jobs created in August, well below the projected 750,000.

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