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Air Travel’s Quick Rebound Is Straining Agents, Airlines and Airports
  + stars: | 2021-06-18 | by ( Alison Sider | ) www.wsj.com sentiment -0.93   time to read: +1 min
Long lines have emerged as airlines, airports and the Transportation Security Administration scramble to hire staff and accommodate the influx of passengers. July 4—typically the peak of the summer travel season—is looming. U.S. carriers are scheduled to fly more than 88 million seats in July, a 32% increase from April. That is still well short of 2019, but airlines are adding capacity much more quickly than they have in the past. Over the same four-month period in 2019, airlines increased the number of seats in the market by just 9% to meet summer demand, according to Cirium, an aviation-data provider.
Organizations: Transportation Security Administration, Airline, stoke, Labor Department, Carriers Locations: U.S
Air Travel Returned. So Did Long Lines at Security, Restaurants, Shops
  + stars: | 2021-06-18 | by ( Alison Sider | ) www.wsj.com sentiment -0.93   time to read: +1 min
Long lines have emerged as airlines, airports and the Transportation Security Administration scramble to hire staff and accommodate the influx of passengers. July 4—typically the peak of the summer travel season—is looming. U.S. carriers are scheduled to fly more than 88 million seats in July, a 32% increase from April. That is still well short of 2019, but airlines are adding capacity much more quickly than they have in the past. Over the same four-month period in 2019, airlines increased the number of seats in the market by just 9% to meet summer demand, according to Cirium, an aviation-data provider.
Organizations: Transportation Security Administration, Airline, stoke, Labor Department, Carriers Locations: U.S
Air Travel Returned. So Did Long Lines at Security, Restaurants, Shops.
  + stars: | 2021-06-18 | by ( Alison Sider | ) www.wsj.com sentiment -0.93   time to read: +1 min
Long lines have emerged as airlines, airports and the Transportation Security Administration scramble to hire staff and accommodate the influx of passengers. July 4—typically the peak of the summer travel season—is looming. U.S. carriers are scheduled to fly more than 88 million seats in July, a 32% increase from April. That is still well short of 2019, but airlines are adding capacity much more quickly than they have in the past. Over the same four-month period in 2019, airlines increased the number of seats in the market by just 9% to meet summer demand, according to Cirium, an aviation-data provider.
Organizations: Transportation Security Administration, Airline, stoke, Labor Department, Carriers Locations: U.S
Experts told Insider Uber and Lyft's refusal to share pay data is largely to blame. News media initially took Uber's claims about driver pay at face value. Uber agreed to pay $20 million, and not make false or misleading claims about driver pay, in order to settle the charges, the FTC announced in 2017. But when Seattle asked the companies for that and other data, Lyft refused and Uber provided only limited summary data. "Regulators really need to know"Ultimately, regulators are the only ones with the ability to force Uber and Lyft to hand over driver pay data.
Persons: Uber, Uber's, John Zimmer, Kayla Whaling, haven't, James Parrott, Michael Reich, Reich, Lyft, there's, they're, Matt Wing, Dara Khosrowshahi, Harry Campbell, they've, Guy, Parrott, Louis Hyman, Lyft's, Hyman Organizations: San Francisco, The Washington Post, Federal Trade Commission, FTC, Austin, New School's Center, New York City Affairs, University of California, Berkeley's Institute for Research, Labor, Employment, Washington Post, Industry, Seattle, Reich, Cornell University, Cornell, Regulators Locations: New York City, unprofitability, New York, San Francisco, San Diego, Austin, Boston, Seattle
Opinion | Welcome to the ‘Life Is Too Short’ Economy
  + stars: | 2021-06-18 | by ( The Ezra Klein Show | ) www.nytimes.com + 1.00   time to read: +1 min
This is a strange moment in the economy. It isn’t clear what’s a trend, what’s a blip, what’s a transition and what’s now normal. And all this as the virus continues to stalk us and we process the trauma of the last 18 months. “We all will have various times in our life where we’ll stop and say, ‘Whoa — am I going in the right direction? She served as the chief economist of Barack Obama’s Department of Labor and later a member of Obama’s Council of Economic Advisers.
Persons: , , Betsey Stevenson, , it’s, Ezra Klein, Stevenson, she’s Organizations: Apple, Spotify, Google, Barack, Department of Labor, Obama’s, Economic Advisers, University of Michigan
And the Wall Street bank even ordered staffers to divulge whether they've been vaccinated. Even more than other industries, Wall Street is clearly in a rush to turn the page on this extended era of virtual work. But it's much more pronounced on Wall Street, where the degree of competition has always been several levels above the rest." If Wall Street moves too aggressively, it could lose talent to more nimble yet equally lucrative industries like Silicon Valley. Of course, not all of Wall Street is rushing back to the office.
Persons: Morgan Stanley, James Gorman, Goldman Sachs, Slack, Mike Mayo, Marshall Sandman, WarnerMedia, Art Hogan, Hogan, Dennis Kelleher, Kelleher, Susan Gross Sholinsky, Epstein Becker Green, Sholinksy, JPMorgan Chase, Dan Suzuki, Richard Bernstein, Anthony Scaramucci, Brahm Pillai, Pillai, Ann Berry, it's, Berry, Sandman Organizations: CNN, Labor, Wells, Cornell, Credit Suisse, Wall, National Securities Corp, Better, Employers, JPMorgan, Richard, Richard Bernstein Advisors, SkyBridge, Wall Street, Goldman, CNN Business, Google, Hulu, Twitter Locations: York, Wells Fargo, Silicon Valley, New York, New York City
Flexport is a freight technology startup with $1.4 billion in funding and a $3.2 billion valuation. "We believe global trade can move the human race forward. That's why it's our mission to make global trade easier for everyone," reads each job listing. Insider analyzed the US Office of Foreign Labor Certification's 2020 disclosure data for permanent and temporary foreign workers to see how much Flexport pays those employees. US companies report how much base compensation workers are offered when filing paperwork for H-1B visas on behalf of current or prospective foreign workers.
Persons: Flexport, Softbank, Peter Thiel's Organizations: UPS, FedEx, Google's GV, Fund, Flexport Academy, of Foreign Labor, Engineers Staff, Business Systems Locations: Flexport, Asia, Amsterdam, Shenzhen
Real estate market madness is everywhere
  + stars: | 2021-06-18 | by ( Julia Horowitz | Cnn Business | ) edition.cnn.com + 0.00   time to read: +6 min
A version of this story first appeared in CNN Business' Before the Bell newsletter. You can sign up right hereLondon (CNN Business) Low inventory and surging demand have sent house prices soaring around the world , raising concerns about how long the red-hot market can be sustained. Real estate agents have told CNN Business about increasingly rabid methods clients have deployed to secure properties — from bidding $1 million over the asking price to paying a competing bidder hundreds of thousands of dollars just to walk away. This just in: Online real estate broker Redfin said houses were on the market in May for just 16 days on average, a record low. SIFMA, the lobby group for the US securities industry, tweeted Thursday that it wouldn't recommend a market holiday this year, since Juneteenth falls on a Saturday.
Persons: It's, Redfin, Niraj Shah, LEN, Matt Egan, Morgan Stanley, James Gorman, Goldman Sachs, they've, Slack, Mike Mayo, scrambles, Juneteenth, Joe Biden, Martin Luther King Jr, George Floyd's, Abraham Lincoln's, Chauncey Alcorn, Chipotle Organizations: CNN Business, Bell, CNN, Monetary, Oxford Economics, National Association of Realtors, Housing, Bloomberg Intelligence, Federal, Oxford, Labor, Bank of America, Wells, Juneteenth, Federal Reserve, Bloomberg, Amazon, Apple, Starbucks Locations: London, United States, Colorado Springs, Miami, Wells Fargo, Washington, Juneteenth, Galveston , Texas
New York (CNN Business) You might not be excited about paying higher prices for meat and vegetables, but your grocery store is thrilled. The rising prices for staples like milk and pork affect grocery stores too, as they have to pay more to their suppliers. But while they are raising prices under the guise of increasing supplier costs, they're adding a little extra on top of thatWhen grocery stores' costs rise, stores will "mark up the full rate of inflation plus a little bit more," said Burt Flickinger, the managing director of retail consultancy Strategic Resource Group. Stores are betting most customers won't balk at price increases because they need to buy groceries, after all, and will still consider shopping a bargain compared to eating out at restaurants. Prices for food at restaurants are growing faster than prices at grocery stores, according to Labor Department data , giving grocers more flexibility to charge you extra.
Persons: Burt Flickinger Organizations: CNN, Strategic Resource, Labor Department Locations: York
Exxon, union try new approach to resolve increasingly bitter dispute
  + stars: | 2021-06-18 | by ( Erwin Seba | ) www.reuters.com + 0.00   time to read: +2 min
HOUSTON, June 18 (Reuters) - Exxon Mobil Corp (XOM.N) and the United Steelworkers union (USW) hope to break an increasingly bitter dispute over a Texas refinery contract next week by taking a different approach of sending one negotiator each to contract talks instead of a whole team, company and union officials said on Friday. Exxon seven weeks ago locked out 650 union workers at its Beaumont, Texas, refinery and lubricants plant after failing to reach agreement on a new contract. The union has accused Exxon of trying to dissolve seniority provisions, colluding to break the union and falsely claiming the union's seniority terms are unique. "We continue to meet and bargain in good faith with the union," said Exxon spokeswoman Julie King. The lawsuit asked the U.S. court to enforce a ruling calling for two union workers fired from its Baytown refinery to be reinstated and given back pay.
Persons: Ricky Brooks, Exxon, Thursday's, Julie King, Erwin Seba, Gary McWilliams, Matthew Lewis Organizations: Exxon Mobil Corp, New York Stock Exchange, United Steelworkers, Exxon, U.S . National Labor Relations Board, Beaumont, Thomson Locations: New York, HOUSTON, Texas, Beaumont , Texas, Baytown , Texas, Houston, Baytown
Trump endorses Murkowski challenger in 2022 Senate race
  + stars: | 2021-06-18 | by ( David Morgan | ) www.reuters.com sentiment -0.99   time to read: +2 min
Sen. Lisa Murkowski, R-Alaska, listens during a U.S. Senate Health, Education, Labor and Pensions Committee hearing in Washington, U.S., March 18, 2021. Tshibaka, the former state administration commissioner, launched her campaign in March with a vow to defeat Murkowski in the 2022 election and has already enlisted the help of former Trump advisers. "I am honored and grateful to have the support of the 45th President of the United States, Donald J. Trump," Tshibaka tweeted. Murkowski voted to convict Trump of inciting the deadly Jan. 6 Capitol riot, in which his supporters attacked Congress in an effort to stop certification of the 2020 election. The Alaska Republican Party later censured Murkowski and pledged to recruit a challenger to oppose her.
Persons: Sen, Lisa Murkowski, Susan Walsh, Donald Trump, Kelly Tshibaka, Tshibaka, Murkowski, Trump, Trump's, Joe Biden's, Donald J, David Morgan, Andy Sullivan, Jonathan Oatis Organizations: U.S, Senate Health, Education, Labor, WASHINGTON, Trump, Republican, Tea Party, Republicans, Democratic, Congress, Alaska Republican Party, Thomson Locations: Alaska, Washington , U.S, Tshibaka, United States
Sorry, that doesn’t work,” Gorman said. Sorry, that doesn’t work,” Gorman said. At a CEO summit last month, Jamie Dimon of JPMorgan Chase said remote work "doesn’t work for those who want to hustle. It doesn’t work for spontaneous idea generation. It doesn’t work for culture,” he told a Wall Street Journal online conference.
Persons: James Gorman, Morgan Stanley, , , Gorman, I’ll, haven’t, ” Gorman, David Solomon, Goldman Sachs, Jamie Dimon, Sundar Pichai, Mark Zuckerberg Organizations: Labor, New, JPMorgan Chase, Wall Street, Business, Facebook Locations: New York City, U.S, New York, Colorado
Pope Francis champions right of workers to organize in unions
  + stars: | 2021-06-17 | by ( The Associated Press | ) www.nbcnews.com sentiment -0.66   time to read: +1 min
Pope Francis has championed the right of all workers to unionize, as economic activity is poised to increase when the pandemic threat eases. Francis said efforts to rebuild economies after Covid-19 setbacks must aim at a future with "decent and dignified working conditions," originating in collective bargaining. He called the "right to organize in unions" one of the fundamental protections for workers. Download the NBC News app for breaking news and politicsHe lamented that many migrants and vulnerable workers are often excluded from national health plans. "Therefore, it must be ensured that social assistance reaches the hidden economy and pays special attention to the particular needs of women and girls," Francis said.
Persons: Pope Francis, Francis Organizations: International Labor Organization, United, NBC Locations: United Nations, Geneva
“We continue to see labor market progress but, as has been the case through the pandemic, the situation remains fluid,” said AnnElizabeth Konkel, an economist at Indeed Hiring Lab. The economy is ironically facing a labor crunch, despite employment being still 7.6 million jobs below its peak in February 2020. Generous government-funded unemployment benefits, including a $300 weekly check, have also been blamed, as well as a reluctance by some to return to work out of fear of contracting COVID-19 even though vaccines are widely accessible. Factories also anticipated hiring more workers over the next six months, which offers further support to the labor market. Though layoffs are easing, initial claims remain well above the 200,000 to 250,000 range that is viewed as consistent with healthy labor market conditions.
Persons: Nick Oxford, , , AnnElizabeth Konkel, Jerome Powell Organizations: WASHINGTON, Arkansas Workforce Center, REUTERS, Factories, Federal Reserve, Labor Department, Reuters, Treasury, Philadelphia Federal Reserve Locations: Fort Smith , Arkansas, U.S, Pennsylvania, New Jersey, Delaware, California , Kentucky, Iowa, Mississippi, Missouri, Alaska, Texas, Florida, Alaska Mississippi
“We continue to see labor market progress, but as has been the case through the pandemic, the situation remains fluid,” said AnnElizabeth Konkel, an economist at Indeed Hiring Lab. The four-week moving average of claims, considered a better measure of labor market trends as it irons out week-to-week volatility, fell 8,000 to 395,000. The economy, ironically, is facing a labor crunch despite employment remaining 7.6 million jobs below its peak in February 2020. Factories also anticipated hiring more workers over the next six months, which offers further support to the labor market. Though layoffs are easing, initial claims remain well above the 200,000-250,000 range that is viewed as consistent with healthy labor market conditions.
Persons: Nick Oxford, , , AnnElizabeth Konkel, Jerome Powell, Jared Bernstein, Daniel Silver Organizations: WASHINGTON, Arkansas Workforce Center, REUTERS, Factories, Federal Reserve, Labor Department, Reuters, Republican, Democratic, JPMorgan, Treasury, Philadelphia Fed Locations: Fort Smith , Arkansas, U.S, Pennsylvania, New Jersey, Delaware, California , Kentucky, ” Iowa, Mississippi, Missouri, Alaska, Texas, Florida, Louisiana, Iowa, Alaska Mississippi, New York, Stocks
Jobless Claims Rose Last Week, Pausing Downward Trend
  + stars: | 2021-06-17 | by ( Bryan Mena | ) www.wsj.com sentiment -1.00   time to read: 1 min
Worker filings for initial unemployment benefits rose by 37,000 to 412,000 last week, marking the first increase since late April and pausing what had been a steady downward trend in filings. The increase was the biggest jump since late March, the Labor Department said on Thursday. Claims for the prior week were revised slightly to 375,000. Total new claims in recent weeks have moved closer to what economists consider a normal range. The long-term average of initial jobless claims dating back to 1967—including periods of expansion and recession—is 371,763, according to Labor Department data.
Organizations: Labor Department, U.S
Supreme Court Rules Cargill, Nestle Can’t Be Sued in Child-Labor Case
  + stars: | 2021-06-17 | by ( Jess Bravin | Brent Kendall | ) www.wsj.com sentiment -0.96   time to read: +1 min
WASHINGTON—The Supreme Court ruled Thursday that Nestlé USA and Cargill Inc. can’t be sued in U.S. courts for abuses allegedly committed in Ivory Coast, where plaintiffs accused the food-processing giants of obtaining cocoa from plantations that relied on the forced labor of children. The court, in a decision by Justice Clarence Thomas, said the plaintiffs’ case didn’t have enough of a connection to the U.S. to proceed. “Nearly all the conduct that they say aided and abetted forced labor—providing training, fertilizer, tools, and cash to overseas farms—occurred in Ivory Coast,” Justice Thomas wrote. Justice Thomas said the plaintiffs were impermissibly seeking to apply that law beyond U.S. borders. The court’s central holding came on an 8-1 vote, though justices splintered on some of the finer points of the case.
Persons: WASHINGTON —, can’t, Clarence Thomas, Thomas, Justice Thomas Organizations: Cargill Inc Locations: Ivory Coast, U.S
Unemployment Claims Trend Closer to a Labor Market Normal
  + stars: | 2021-06-17 | by ( Bryan Mena | ) www.wsj.com sentiment -1.00   time to read: +1 min
Worker filings for initial unemployment benefits have in recent weeks dropped closer to what economists consider a normal range as they have reached fresh pandemic lows, a sign Covid-19’s impact on the labor market is continuing to recede as employers shed fewer workers. Initial jobless claims for the week ended June 12 are projected to decline to a new pandemic low of 360,000, from 376,000 for the week earlier, according to economists surveyed by The Wall Street Journal. The steady recent decline in jobless claims is bringing weekly totals closer to what would indicate a more typical labor market. The long-term average of initial jobless claims dating back to 1967—including periods of expansion and recession—is 371,763, according to Labor Department data. Adam Kamins, director of economic research at Moody’s Analytics, said he thinks the normal range is lower, between 200,000 and 250,000, without factoring in recessions.
Persons: Adam Kamins, Mr, Kamins, Organizations: Wall Street, Labor Department Locations: California
Until November, GM (GM.N) backed the Trump administration's effort to block California from setting tougher emissions standards than the federal government. Representatives Dan Kildee, Bill Pascrell and Earl Blumenauer, all Democrats, pressed GM to answer questions about potential abuses in Mexico. "We want to see some real demonstration of embracing the labor standards in Mexico -- more than compliance," Kildee told Reuters after the meeting. The suggestions "would be tangible demonstrations of GM's commitment to lead on compliance with the new labor standards," Kildee told Reuters. Earlier Wednesday, some House lawmakers on a trade panel, including Kildee, had a virtual meeting with Mexico’s ambassador to the United States in which the GM labor issued was raised.
Persons: Mary Barra, Nancy Pelosi, Carlos Barria WASHINGTON, Barra, We're, Pelosi, Donald Trump's, Biden, Joe Biden, Dan Kildee, Bill Pascrell, Earl Blumenauer, Kildee, Mary, David Shepardson, Leslie Adler Organizations: General Motors, U.S, Capitol, REUTERS, Reuters, EV, GM, Trump, Republican, Democratic, Mexico's Labor Ministry, U.S . Trade Representative's Office, Thomson Locations: Washington , U.S, Mexico, California, Barra, Silao, U.S, United States, Canada
He Warned Apple About the Risks in China. Then They Became Reality.
  + stars: | 2021-06-17 | by ( Jack Nicas | ) www.nytimes.com sentiment -1.00   time to read: +2 min
In 2014, shortly after Mr. Guthrie left his job as dean of the George Washington University business school, Apple hired him to teach its managers and advise executives about China. Mr. Guthrie, now 52, left Apple in 2019 and is a professor at the Thunderbird School of Global Management at Arizona State University. When he started at Apple, Mr. Guthrie said, its executives knew they relied too much on China and wanted to diversify. India and Vietnam were the top candidates, but Mr. Guthrie concluded that neither was a viable replacement. To Mr. Guthrie, that stance left Apple vulnerable, especially as China’s new leader was looking for ways to use his influence over American companies in the country.
Persons: Guthrie, Apple, Tim Cook Organizations: George Washington University, China, Apple, Thunderbird School of Global Management, Arizona State University, China Labor Watch Locations: China, India, Vietnam, Zhengzhou
Initial jobless claims rose to 412,000 last week, landing above the median economist estimate. Weekly jobless claims came in at an unadjusted 412,000 last week, according to the Labor Department. Continuing claims, which count Americans receiving unemployment insurance payments, rose to 3.52 million for the week that ended June 5. Federal Reserve Chair Jerome Powell laid out a rosy view of the labor market during a Wednesday press conference. "I think it's clear, and I am confident, that we are on a path to a very strong labor market," Powell said.
Persons: Jerome Powell, Powell Organizations: Labor Department, Bloomberg, Market
Arkansas legislators recently passed the most restrictive laws in the nation against trans children. Despite this, the retail giant pumped tens of thousands of dollars to the Arkansas legislators who sponsored the two anti-trans bills. State Farm agents: $70,200In 2020, State Farm Insurance was named one of the Best Companies to Create Inclusive Workplaces. "There are a number of states where groups of independent contractor State Farm agents have formed PACs," State Farm public affairs specialist Michal Brower told Insider. "These PACs are independent of State Farm and are fully managed, funded, and operated by their members in each respective state.
Persons: Asa Hutchinson, Hutchinson, they're, Rodrigo Heng, Lehtinen, Jim Walton, We've, Randy Hargrove, Walton, Steuart Walton, we're, Mike Malone, Stephens, Warren Stephens, Bill, Chenoa Taitt, McDonald's, Koch, KOCHPAC, David Dziok, Michal Brower, Brower, Casey Norton, Kristen South, , Neal Kirby, Jim Urquhart, Mary Emily O'Hare, It's, O'Hare, Heng, Azmi Haroun, Erin Snodgrass Organizations: State, Walmart, State Farm, T, ExxonMobil, Gov, National Center, Trans Equality, Government, HB, Arvest Bank, bank's, Runway Group, Northwest, Runway, Stephens Inc, Republicans, Democrats, Stephens, PAC, Koch Industries, Farm, Farm Insurance, Best Companies, Human Rights, Farm Association PAC, State Farm Agents PAC, Federal PAC, SFF, Exxon, Corporate, UnitedHealthGroup, HRC, Delta Dental's PAC, Merck, BNSF Railway's PAC, BNSF, National Railway Labor Conference, Rival, Pacific Corp, Pacific, Union Pacific's, Business Coalition, Entergy's, Gay, REUTERS, Human, Trans Locations: Arkansas, Northwest Arkansas, — Entergy, Orleans, Batesville , Arkansas
State unemployment claims increased last week.
  + stars: | 2021-06-17 | by ( The New York Times | ) www.nytimes.com sentiment -1.00   time to read: 1 min
Initial claims for state jobless benefits rose last week, the Labor Department reported Thursday. The weekly figure was about 402,000, up 37,000 from the previous week. New claims for Pandemic Unemployment Assistance, a federally funded program for jobless freelancers, gig workers and others who do not ordinarily qualify for state benefits, totaled 118,000, up 47,000 from the prior week. (On a seasonally adjusted basis, state claims totaled 412,000, an increase of 37,000.) In four states — Alaska, Iowa, Mississippi and Missouri — it was the final week in which some or all federal pandemic unemployment benefits were paid, including a $300 supplement to other benefits.
Organizations: Labor Department, Republican Locations: Alaska , Iowa , Mississippi, Missouri
Financial markets are moving into a new era
  + stars: | 2021-06-17 | by ( Julia Horowitz | Cnn Business | ) edition.cnn.com + 0.00   time to read: +7 min
The shift was immediately felt across markets, which have been drunk on crisis-era stimulus measures for more than a year. "One of those supports for markets is now changing, and being taken away slowly." Virgin Australia said in a statement on Thursday that it had resolved an IT outage caused by a failure at Akamai Technologies, a global content delivery network. Content delivery systems improve load times for websites by storing content, and other aspects of websites and apps, on servers that are physically closer to users. Up nextKroger KR Adobe ADBE reports results before US markets open.and Smith & Wesson follow after the close.
Persons: Jerome Powell, Powell, Dow, Oliver Blackbourn, Janus Henderson, We've, we've, Blackbourn, Jeanne Sahadi, Jeff Rogoff, Rogoff, Kroger Organizations: CNN Business, Bell, CNN, Nasdaq, Fed, disinflationary, Airline, Virgin Australia, Akamai Technologies, Virgin, Southwest Airlines LUV United Airlines, Commonwealth Bank of Australia, Westpac Bank, New Zealand Banking Group, Hong Kong Stock Exchange, Vanguard, Bureau of Labor Statistics, Louis Federal Reserve, Adobe, open.and Smith, Wesson, Japan's Locations: London, Europe, Australia, Denver
Jobless claims show surprise increase to highest level in a month
  + stars: | 2021-06-17 | by ( Jeff Cox | ) www.cnbc.com sentiment -0.95   time to read: +1 min
Initial jobless claims unexpectedly rose last week despite an ongoing recovery in the U.S. employment market, the Labor Department reported Thursday. The surprise increase in claims comes following a series of incremental steps toward normalcy in the payrolls picture. Continuing claims, which run a week behind the headline number, were little changed at 3.52 million. A year ago, the number was close to 18 million. The four-week moving average for continuing claims fell by 55,000 to just over 3.6 million, the lowest level since March 21, 2020.
Persons: Dow Jones, shutdowns Organizations: Labor Department Locations: U.S, – Pennsylvania, California
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