US jobless claims hit 52-year low after seasonal adjustments

The number of Americans applying for unemployment benefits plummeted last week to the lowest level in more than half a century, another sign that the U.S. job market is rebounding rapidly from last year’s coronavirus recession.

Posted: Nov 24, 2021 9:32 AM

WASHINGTON (AP) — The number of Americans applying for unemployment benefits plummeted last week to the lowest level in more than half a century, another sign that the U.S. job market is rebounding rapidly from last year's coronavirus recession.

Jobless claims dropped by 71,000 to 199,000, the lowest since mid-November 1969. But seasonal adjustments around the Thanksgiving holiday contributed significantly to the bigger-than-expected drop. Unadjusted, claims actually ticked up by more than 18,000 to nearly 259,000.

The four-week average of claims, which smooths out weekly ups and downs, also dropped — by 21,000 to just over 252,000, the lowest since mid-March 2020 when the pandemic slammed the economy.

Since topping 900,000 in early January, the applications have fallen steadily toward and now fallen below their prepandemic level of around 220,000 a week. Claims for jobless aid are a proxy for layoffs.

Overall, 2 million Americans were collecting traditional unemployment checks the week that ended Nov. 13, down slightly from the week before.

“Overall, expect continued volatility in the headline figures, but the trend remains very slowly lower," Contingent Macro Advisors wrote in a research note.

Until Sept. 6, the federal government had supplemented state unemployment insurance programs by paying an extra payment of $300 a week and extending benefits to gig workers and to those who were out of work for six months or more. Including the federal programs, the number of Americans receiving some form of jobless aid peaked at more than 33 million in June 2020.

The job market has staged a remarkable comeback since the spring of 2020 when the coronavirus pandemic forced businesses to close or cut hours and kept many Americans at home as a health precaution. In March and April last year, employers slashed more than 22 million jobs.

But government relief checks, super-low interest rates and the rollout of vaccines combined to give consumers the confidence and financial wherewithal to start spending again. Employers, scrambling to meet an unexpected surge in demand, have made 18 million new hires since April 2020 and are expected to add another 575,000 this month. Still, the United States remains 4 million short of the jobs it had in February 2020.

Companies now complain that they can't find workers to fill job openings, a near-record 10.4 million in September. Workers, finding themselves with bargaining clout for the first time in decades, are becoming choosier about jobs; a record 4.4 million quit in September, a sign they have confidence in their ability to find something better.

Minnesota Coronavirus Cases

Data is updated nightly.

Cases: 912370

Reported Deaths: 9506
CountyCasesDeaths
Hennepin1780492023
Ramsey736781043
Dakota67355574
Anoka63852570
Washington40349356
Stearns33475276
St. Louis29443403
Scott25842181
Wright25830216
Olmsted22258128
Sherburne18919126
Carver1661066
Clay12033104
Blue Earth1144868
Rice11410138
Crow Wing11170122
Chisago992378
Kandiyohi9800106
Otter Tail9758127
Benton9018125
Beltrami816094
Goodhue805597
Douglas7849100
Itasca769597
Mower731249
McLeod710983
Winona708657
Isanti697883
Steele682731
Morrison671579
Becker627174
Polk599484
Freeborn559646
Carlton543474
Mille Lacs529474
Lyon527261
Nobles524754
Nicollet521160
Pine512642
Cass500553
Todd490743
Brown469757
Le Sueur457733
Meeker431457
Martin385843
Wabasha373610
Waseca372332
Dodge359811
Hubbard354749
Roseau315531
Fillmore304315
Wadena301740
Redwood281245
Houston270717
Renville268051
Faribault257032
Pennington251030
Sibley251017
Kanabec248136
Cottonwood229232
Aitkin221550
Chippewa219442
Pope206710
Watonwan197420
Yellow Medicine187723
Rock177428
Koochiching176023
Swift172622
Stevens167011
Jackson160816
Clearwater157520
Marshall153122
Murray151811
Pipestone149529
Lake132224
Lac qui Parle122125
Wilkin120616
Mahnomen105914
Norman10489
Grant101110
Big Stone9465
Lincoln8745
Kittson73023
Red Lake71310
Unassigned629124
Traverse6056
Lake of the Woods5255
Cook3070

Iowa Coronavirus Cases

Data is updated nightly.

Cases: 523052

Reported Deaths: 7289
CountyCasesDeaths
Polk80319799
Linn32142424
Scott26637292
Black Hawk21974378
Woodbury20490258
Johnson19778105
Dubuque18515241
Pottawattamie15890213
Dallas15320113
Story1380258
Warren8450104
Cerro Gordo7964123
Clinton7725114
Webster7326122
Des Moines7098105
Marshall669093
Unassigned66470
Muscatine6645117
Wapello6441144
Jasper619591
Sioux610177
Lee5908105
Marion557897
Buena Vista502149
Plymouth488388
Henry418655
Benton404859
Jones404862
Bremer395372
Washington391463
Boone389739
Carroll367755
Mahaska365365
Crawford353747
Dickinson314655
Jackson307747
Buchanan305741
Clay295536
Delaware294654
Kossuth289077
Fayette286353
Hardin284353
Tama279777
Page272533
Wright266149
Cedar265527
Hamilton259857
Winneshiek258143
Floyd255449
Clayton244459
Poweshiek237243
Madison234525
Harrison234379
Cass233466
Butler232744
Iowa229634
Jefferson223043
Mills220930
Winnebago215938
Hancock214639
Cherokee211347
Lyon206142
Appanoose205357
Allamakee203955
Calhoun196919
Shelby196442
Union191141
Humboldt185130
Grundy183637
Franklin183029
Mitchell182043
Chickasaw178922
Emmet178246
Louisa176953
Sac171026
Guthrie168137
Montgomery161745
Clarke160829
Keokuk150839
Palo Alto150532
Howard146824
Monroe142739
Ida130141
Greene127517
Davis124625
Lucas124426
Monona122939
Worth12139
Pocahontas120724
Adair114337
Osceola104818
Decatur101913
Taylor98514
Fremont95913
Van Buren93222
Wayne84525
Ringgold76729
Audubon74917
Adams5748
Rochester
Clear
39° wxIcon
Hi: 53° Lo: 34°
Feels Like: 35°
Mason City
Partly Cloudy
36° wxIcon
Hi: 56° Lo: 34°
Feels Like: 36°
Albert Lea
Partly Cloudy
36° wxIcon
Hi: 55° Lo: 34°
Feels Like: 32°
Austin
Partly Cloudy
37° wxIcon
Hi: 54° Lo: 34°
Feels Like: 33°
Charles City
Partly Cloudy
37° wxIcon
Hi: 55° Lo: 35°
Feels Like: 31°
Tracking chances for rain and snow
KIMT Radar
KIMT Eye in the sky

Community Events