Bylt: Real Time Construction News & Market Data
Construction Everyday. Real Time News and AEC Industry Market Data. Powerful News For The Architectural, Engineering & Construction Industries.

Initial Jobless Claims Lower Then Expected

The number of Americans filing new unemployment claims fell to 340 thousand in the week ending August 28th, the lowest level since March 2020 and below the market consensus of 345 thousand, as the labor market continued to consolidate its recovery following business reopenings in the US and despite lingering concerns about the ongoing COVID-19 resurgence.

Simultaneously, labor shortages continued to have a significant impact on the economy, as employers struggle to find qualified workers to fill open positions.

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Inflation Rate Year Over Year

Inflation Rate up 0.30% Month Over Month

Core Inflation Rate Ticks Up Month Over Month

The number of new claimants is expected to continue to decline in the coming weeks and months as pandemic-era programs, which include both regular state and enhanced federal unemployment benefits, will expire on September 6th in the approximately two dozen states that continue to offer them.

Boots On The Ground
Bylt: Construction News Presents Boots On The Ground. Coming this Fall


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