New Jobless Claims Hold at Pre-COVID Level

SHRM, Roy Maurer (03/17/22)

States reported that 214,000 workers filed for new unemployment benefits during the week ending March 12, a decrease of 15,000 from the previous week’s revised level. New jobless claims have held at pre-pandemic levels since the end of 2021. In contrast, one year ago, over 750,000 workers were initiating new unemployment claims.

The total number of workers continuing to claim unemployment benefits—1.4 million—is well below its pre-pandemic average of 1.7 million.

The latest labor market reporting shows the U.S. unemployment rate at 3.8 percent, a near-record level of job openings and steadily climbing labor force participation in a tight labor market.

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