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ACB   3.86 (-4.93%)
BA   191.39 (-1.48%)
S&P 500   4,349.64 (+-0.01%)
DOW   34,271.11 (+0.30%)
QQQ   344.59 (+0.01%)
AAPL   160.78 (+0.68%)
MSFT   301.49 (+1.61%)
FB   297.89 (+1.11%)
GOOGL   2,606.62 (+0.85%)
AMZN   2,820.00 (+1.53%)
TSLA   859.23 (-8.34%)
NVDA   220.94 (-2.98%)
BABA   112.32 (-0.93%)
NIO   21.48 (-5.21%)
AMD   104.12 (-5.95%)
CGC   6.95 (-3.87%)
MU   79.88 (-2.55%)
GE   88.67 (-0.73%)
T   24.03 (-0.91%)
F   19.75 (-0.80%)
DIS   135.54 (+1.45%)
AMC   14.87 (-6.71%)
PFE   53.87 (+1.62%)
ACB   3.86 (-4.93%)
BA   191.39 (-1.48%)
S&P 500   4,349.64 (+-0.01%)
DOW   34,271.11 (+0.30%)
QQQ   344.59 (+0.01%)
AAPL   160.78 (+0.68%)
MSFT   301.49 (+1.61%)
FB   297.89 (+1.11%)
GOOGL   2,606.62 (+0.85%)
AMZN   2,820.00 (+1.53%)
TSLA   859.23 (-8.34%)
NVDA   220.94 (-2.98%)
BABA   112.32 (-0.93%)
NIO   21.48 (-5.21%)
AMD   104.12 (-5.95%)
CGC   6.95 (-3.87%)
MU   79.88 (-2.55%)
GE   88.67 (-0.73%)
T   24.03 (-0.91%)
F   19.75 (-0.80%)
DIS   135.54 (+1.45%)
AMC   14.87 (-6.71%)
PFE   53.87 (+1.62%)
ACB   3.86 (-4.93%)
BA   191.39 (-1.48%)
S&P 500   4,349.64 (+-0.01%)
DOW   34,271.11 (+0.30%)
QQQ   344.59 (+0.01%)
AAPL   160.78 (+0.68%)
MSFT   301.49 (+1.61%)
FB   297.89 (+1.11%)
GOOGL   2,606.62 (+0.85%)
AMZN   2,820.00 (+1.53%)
TSLA   859.23 (-8.34%)
NVDA   220.94 (-2.98%)
BABA   112.32 (-0.93%)
NIO   21.48 (-5.21%)
AMD   104.12 (-5.95%)
CGC   6.95 (-3.87%)
MU   79.88 (-2.55%)
GE   88.67 (-0.73%)
T   24.03 (-0.91%)
F   19.75 (-0.80%)
DIS   135.54 (+1.45%)
AMC   14.87 (-6.71%)
PFE   53.87 (+1.62%)
ACB   3.86 (-4.93%)
BA   191.39 (-1.48%)

US unemployment claims drop to 473,000, a new pandemic low

Thursday, May 13, 2021 | Christopher Rugaber, AP Economics Writer


Richard Lavers, Deputy Commissioner New Hampshire Employment Security, poses for a photo at a New Hampshire Works employment security job center Monday, May 10, 2021, in Manchester, N.H. States are pushing the unemployed to get back to work to help businesses large and small find the workers they need to emerge from the COVID-19 recession. (AP Photo/Mary Schwalm)

WASHINGTON (AP) — The number of Americans seeking unemployment benefits fell last week to 473,000, a new pandemic low and the latest evidence that fewer employers are cutting jobs as consumers ramp up spending and more businesses reopen.

Thursday’s report from the Labor Department showed that applications declined 34,000 from a revised 507,000 a week earlier. The number of weekly jobless claims — a rough measure of the pace of layoffs — has fallen significantly from a peak of 900,000 in January. Instead of cutting jobs, many employers are struggling to attract enough applicants for open positions.

With hiring up, vaccinations increasing and the economy accelerating, consumers have grown more confident and, on average, are flush with cash after limiting their spending during the pandemic. Stimulus checks have also bolstered many bank accounts.

Now, more Americans are venturing out to shop, travel, dine out and congregate at entertainment venues. The reopening has proceeded so fast that many businesses aren't yet able to staff up as quickly as they would like.

Economists monitor weekly jobless claims for early signs of where the job market is headed. Since the pandemic, though, these numbers have become a less reliable barometer than they normally are. States have struggled to clear backlogs of unemployment applications. And suspected fraud has clouded the actual volume of job cuts.

In April, employers added 266,000 jobs, far fewer than expected and a sign that some businesses struggled to find enough workers. The surprisingly low gain raised concerns that businesses may find it hard to hire quickly as the economy keeps improving and that regaining pre-pandemic employment levels could take longer than hoped.


7 Manufacturing Stocks That Will Overcome Current Difficulties

The manufacturing industry was one of the hardest hits in 2020. In the initial months of the coronavirus pandemic, many companies were forced to shutter operations. However, opportunistic investors kept their eye on several of these companies as recovery stocks. And at the beginning of 2021, the emergence of several vaccines allowed businesses to reopen.  Not surprisingly, manufacturing stocks were among the biggest winners.

But where are these stocks headed in 2022? In December, American manufacturers reported their slowest pace of growth in 11 months. A closely followed index of U.S.-based manufacturers dropped to 58.7% in the final month of 2021. This was slightly lower than the 61.1% in November according to the Institute for Supply Management.

Still, any number of above 50% signals expansion. And the number is only slightly below the 60% level that signifies exceptional growth.

Ironically, it’s the virus that continues to provide a headwind. Supply chains are unwinding but not nearly fast enough to prevent material shortages. The controversy surrounding vaccine mandates is causing labor shortages.

However, there’s a strong likelihood that manufacturing stocks will have a strong year in 2022. And even if they don’t, many of these stocks pay a reliable dividend. That’s why we’ve put together this special presentation on the manufacturing stocks that will overcome current difficulties.



View the "7 Manufacturing Stocks That Will Overcome Current Difficulties".


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