New US Jobless Claims Fall to 375,000, as Nearly 3 Million Americans Remain Unemployed


For the third week in a row, initial jobless claims declined as the United States’ labor market continues to recover from the 2020 recession. On August 12, the Labor Department said that new claims for jobless benefits came down to 375,000 last week.

CNBC reports that there were also a record high number of open jobs at the end of July. The number of continuing jobless claims fell to 2.866 million for the last week of July, according to the same report.

That is the lowest level since mid-March 2020. In an effort to bring back jobs lost during the shutdown, Federal Reserve officials let inflation steadily climb. According to CNBC, Christopher Waller, a member of the Federal Reserve Board of Governors, said that strong jobs reports could lead the central bank to slow that inflation in the fall.

While unemployment benefits and payouts were expanded during the pandemic, some states have already ended the programs. The national unemployment program is set to expire in September.

Follow us on social media for the latest updates in B2B!

Twitter – @MarketScale
Facebook –
LinkedIn –

Follow us on social media for the latest updates in B2B!



innovations in healthcare
Innovations in Healthcare: A Discussion with Dr. Craig Joseph at HIMSS 2024
May 24, 2024

Innovations in healthcare were easy to spot at the recent HIMSS 2024 conference. Healthcare Rethink’s Brian Urban caught up with one of those innovators for a live discussion at HIMSS 2024. podcast, Their conversation opens a window and dialogue into the cutting-edge trends reshaping healthcare technology today. This episode features Dr. Craig Joseph, the…

Read More
Preventing burnout
Achieving Professional Growth and Preventing Burnout: The Importance of Time Management and Support Networks in a Fast-Paced World
May 23, 2024

In today’s fast-paced world, balancing professional growth with personal well-being is more crucial than ever. With the rise of remote work, digital transformation, and the constant hustle culture, finding this balance has become a significant challenge for many. A survey conducted by Deloitte suggests that a whopping 77% of professionals experience burnout at work….

Read More
Fan-Centric Business Transformation
Prop Room
May 23, 2024

In this episode of the Fans First series, Jesse Cole, the mastermind behind the Savannah Bananas, shares with us that in the vibrant world of marketing, creativity knows no bounds—a philosophy embodied by a prop room and studio teeming with eclectic costumes and outlandish ideas. This creative hub, seemingly disconnected from conventional themes like bananas,…

Read More
Ace Gardner and Jacob Lewis discuss NIL Deals and Transfer Portals
NIL Deals and Transfer Portals are Also Impacting College Staff and Their Roles
May 23, 2024

College sports is undergoing a significant transformation with the advent of Name, Image, and Likeness (NIL) rights and the increasing prevalence of transfer portals. These changes are reshaping how college staff operate, presenting both opportunities and challenges. With the rise of NIL deals and transfer portals, understanding the behind-the-scenes impact on college coaching staff…

Read More