Competition for Talent Remains White Hot

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The Labor Department reported that 348,000 Americans have filed new claims for state unemployment benefits. This is the lowest level for initial claims since March 14, 2020, when it was 256,000. Economists surveyed by Dow Jones expected to see weekly new claims fall to 365,000. It’s the fourth straight week the figure has declined. The previous week’s level was revised up by 2,000 from 375,000 to 377,000. The four-week moving average was 377,750, a decrease of 19,000 from the previous week’s revised average. This is the lowest level for this average since March 14, 2020 when it was 225,500. The previous

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