Weekly Unemployment Claims Remain On Slow Decline In NC

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Published Mar 10, 2022

Richard Craver

Original Article

National Outlook

The national filing of initial UI claims was at 227,000, up 11,000 from the week that ended Feb. 26. As of Feb. 12, only New Jersey and New Mexico are receiving federal extended pandemic UI benefits. That means that almost all of the UI claims currently being reported are with state Labor departments.
“The latest numbers give more evidence that job creation is strong, and employers continue to hold fast to their workforces,” said Andrew Challenger, senior vice president of executive coaching firm Challenger, Gray & Christmas Inc.

“The churn in the labor market is coming from resignations.”

Challenger said that COVID-19 concerns “are impacting the labor market less than the high number of quits that are forcing companies to offer better pay and benefits and more flexibility.

“While another wave of cases, or a more virulent variant, may spike layoff announcements down the road, the issue for employers at the moment is finding and keeping staff.”