Jobless Claims Likely Held Near Pandemic Low, Despite Delta Variant
“’Even with the spread of the Delta variant, many people who are vaccinated feel more comfortable doing things than they did previously,’ said Gus Faucher, chief economist at PNC Financial Services Group Inc. ‘Demand for labor remains very strong.’
Continuing claims for regular state programs, a proxy for the number of people receiving benefits, have also recently declined to pandemic lows. About 2.82 million people were collecting benefits through state programs in the week ended Aug. 7, compared with 14.22 million people a year earlier.”