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Drudge Retort: The Other Side of the News
Sunday, October 17, 2021

The number of Americans filing new claims for unemployment benefits dropped below 300,000 last week for the first time in 19 months, further evidence that a shortage of workers was behind slower job growth rather than weakening demand for labor. With the second straight weekly decline reported by the Labor Department on Thursday, initial claims are now in the zone that is generally associated with healthy labor market conditions. Initial claims for state unemployment benefits dropped 36,000 to a seasonally adjusted 293,000 for the week ended Oct. 9. That was lowest level since mid-March 2020, when the nation was in the early stage of the COVID-19 pandemic.

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Despite the continuing drag of the Republican un-vaxxed on the economy, we appear to be struggling through.

#1 | Posted by Zed at 2021-10-17 12:43 PM | Reply | Funny: 2

Maybe we should start loosening immigration numbers, there is clearly a worker shortage in the United States. It's time to start welcoming more hard working Latinos from south of the border.

#2 | Posted by _Gunslinger_ at 2021-10-17 01:51 PM | Reply | Newsworthy 1

Sleepy Joe's Fault!(tm)

#3 | Posted by Corky at 2021-10-17 01:51 PM | Reply

Nice change of pace from when Trump was President and we were shattering the monthly job loss records.

#4 | Posted by johnny_hotsauce at 2021-10-17 01:59 PM | Reply

FYI, let's look at the U-6 [you know - the real number]:

U-6 Unemployment is all unemployed, marginally attached and part-time for economic reasons individuals as a percent of the civillian labor force plus all marginally attached workers.
...
Stats.
Last Value 8.10%

Next Release Nov 5 2021, 08:30 EDT

#5 | Posted by MSgt at 2021-10-17 04:20 PM | Reply | Funny: 1

#5 | POSTED BY MSGT

Fake news.

#6 | Posted by Zed at 2021-10-17 04:48 PM | Reply

The bankruptcy-prone lard barge rewrote the record book by stringing together 20 weeks in a row with over 1 million new jobless claims.

www.washingtonpost.com

#7 | Posted by reinheitsgebot at 2021-10-17 05:03 PM | Reply | Newsworthy 1

FYI, let's look at the U-6 [you know - the real number]:

Yeah, let's look at it - for this entire year, 2021:

Jan 21 - 12% (Trump's last month)

Mar 21 - 10.9%

Jun 21 - 10.1%

Jul 21 - 9.6%

Aug 21 - 8.9%

Sep 21 - 8.1%

ycharts.com

Notice the trend? Same as U-3. Suck on it moron Msgt.

#8 | Posted by tonyroma at 2021-10-17 06:18 PM | Reply

Obama did a better job on jobs than Truptidumped. Actually he did better on everything than Trumptidumped.

Plus Trumptidumped is too fat to wear a beige suit... Obama rocked it.

Who knew the presidency could be so complicated?

#9 | Posted by RightisTrite at 2021-10-17 10:09 PM | Reply

The piss-chugging dotard can boast of of owning the worst jobs record of any POTUS since Hoover. MAGA!!!

fortune.com

#10 | Posted by reinheitsgebot at 2021-10-18 12:07 AM | Reply | Newsworthy 1

#2

There isn't a labor shortage. There's a living wage shortage.

And while more open borders are generally a great idea, we also need a MUCH higher minimum wage. At this point it should be at least $20/hour.

#11 | Posted by DarkVader at 2021-10-18 05:15 PM | Reply

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