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Thursday, December 8, 2022
HomeNewsEconomyApplications For First-Time Jobless Benefits Fell to 280,000

Applications For First-Time Jobless Benefits Fell to 280,000

The number of Americans filing for first-time jobless benefits fell last week to a seasonally adjusted 280,000. The number of new unemployment claims beat the 290,000 expected, the Labor Department said on Wednesday,

The Commerce Department Tuesday announced Tuesday an upward revision of GDP in the U.S. economy from 3.9 percent to 5 percent. The new number means the U.S. economy grew at its quickest pace in 11 years in the third quarter.

Still, despite the recent positive news, the pace of growth is likely than not to slow in the fourth quarter.

Written by
Staff Writing Group

PPD Business, the economy-reporting arm of People's Pundit Daily, is "making sense of current events." We are a no-holds barred, news reporting pundit of, by, and for the people.

Latest comment

  • Atta way to go. From losing 800,000 jobs a month at the end of the Republican
    administration and the economy in collapse to 11m jobs created in 6
    years, the Dow above 18,000, economy increasing at historic 5%, and the
    deficit reduced by 60% equals the return of the U S economy from the
    Republican abject failure to Democrat success. And all done with
    Republican’s wanting our President to fail and not lifting a finger to
    help, well maybe one, but instead in their supreme ignorance “just said
    no”.

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