<p>New <a href="https://www.dailywire.com/topic/unemployment">jobless</a> claims spiked to <a href="https://www.dailywire.com/topic/jobs">levels</a> not seen since January, according to a Thursday <a href="https://www.dol.gov/ui/data.pdf">report</a> from the U.S. Department of Labor’s Employment and Training Administration.</p>
<p>The United States saw 229,000 seasonally adjusted initial unemployment claims — which are filed by a jobless individual after a separation from an employer — for the week ending on June 4. The claims exceed the Dow Jones estimate of 210,000, according to <a href="https://www.cnbc.com/2022/06/09/us-weekly-jobless-claims.html">CNBC</a>.</p>
<p>David Bahnsen, the founder of Manhattan-based wealth management firm The Bahnsen Group, told The Daily Wire that 229,000 new weekly claims are “still a very low number.” He remarked that although he believes there will be a shift into employer pessimism, “this isn’t it yet.”</p>
<p>Weekly claims surpassed 6 million in April 2020 amid COVID-19 and the lockdown-induced recession, more Department of Labor <a href="https://fred.stlouisfed.org/series/ICSA">data</a> indicate. The labor market has since seen continuous recovery — reaching a post-recession low of 166,000 weekly claims in March 2022 before the current moderate spike. The results for the first week of June are similar to levels from January of this year.</p>
<p>Other recent reports indicate a mild slowdown in employment gains. Payroll processing company ADP <a href="https://www.dailywire.com/news/u-s-economy-sees-worst-month-for-employment-growth-since-april-2020-small-businesses-hardest-hit-report">announced</a> last week that the private sector created 128,000 new jobs in the month of May — missing the Dow Jones estimate of 299,000 and falling from 202,000 new jobs created in April. The results represented the worst job growth figures since mass layoffs sent 19 million workers home in April 2020.</p>
<p>Companies with fewer than 50 workers saw payrolls fall by 91,000. The majority of the aforementioned layoffs — 78,000 — were experienced by companies with fewer than 20 workers.</p>
<p>“Under a backdrop of a tight labor market and elevated inflation, monthly job gains are closer to pre-pandemic levels,” ADP chief economist Nela Richardson said, per CNBC. “The job growth rate of hiring has tempered across all industries, while small businesses remain a source of concern as they struggle to keep up with larger firms that have been booming as of late.”</p>
<p>Many economists consider the labor market to be a bright spot amid multiple economic headwinds — including rising price levels, supply chain woes, and the Russian invasion of Ukraine. After nearing 15% following government lockdown orders in the spring of 2020, unemployment rates gradually fell to their current levels of 3.6%, according to <a href="https://fred.stlouisfed.org/series/UNRATE">data</a> from the U.S. Bureau of Labor Statistics.</p>
<p>Accordingly, messaging from the Biden administration has focused on high employment — without recognizing that much of the job growth occurred as the United States regained lost positions rather than creating new ones from scratch.</p>
<p>“President Biden is building a better America,” a <a href="https://www.dailywire.com/news/democrats-praise-bidens-failing-economy-in-star-wars-day-themed-promo">post</a> from the White House claimed in May. “The U.S. economy has added nearly 8 million jobs since President Biden took office and experienced the greatest year of job growth under any President in history last year.”</p>
<p>Likewise, a January tweet from the White House highlighted job gains under Biden as <a href="https://www.dailywire.com/news/biden-admin-blasted-online-for-graph-claiming-biden-created-most-monthly-jobs-ever">several times higher</a> than his predecessors. The message, however, failed to recognize that the White House was comparing gains over the course of one year to predecessors’ four-year and eight-year terms. “Don’t count your chickens before they hatch,” Washington Post fact-checker Glenn Kessler remarked.</p>
<p>Though unemployment remains low, inflation has led to a <a href="https://www.bls.gov/news.release/realer.nr0.htm#:~:text=From%20April%202021%20to%20April%202022%2C%20real%20average%20hourly%20earnings,weekly%20earnings%20over%20this%20period.">decrease</a> in real average hourly earnings — meaning that Americans must work more to enjoy the same standard of living witnessed before the post-recession inflation hikes.</p>

<script async src="https://www.instagram.com/embed.js"></script>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
<script async src="https://www.tiktok.com/embed.js"></script><div data-widget-host="revcontent" data-pub-id="165152" data-widget-id="290588"></div><script src="https://delivery.revcontent.com/165152/290588/widget.js"></script>

New Jobless Claims Hit Highest Rate Since January

Bud Light Sales Continue To Plummet, May Soon Lose Status As Number-One Beer

‘Profoundly Christian’: Former Head Of Anglican Church Presses British Government To Endorse Assisted Suicide

Ben Shapiro Reacts To Debt Limit Deal, Hits Both Democrats And Republicans Over Spending Habits

‘The Chosen’ Defends Pride Flag Spotted On Set: ‘Let The Show Speak For Itself’

Chick-Fil-A Faces Backlash As Their Diversity Efforts Resurface, Other Woke Brands Take Beating

North Korea Sentenced Two-Year-Old To Life In Prison After Family Caught With Bible: State Department

News

2022 Election

Biden Administration

Economy

Jobs

Unemployment

A video goes viral showing a baby being refused his mother by two gay "dads". This is just the tip of the iceberg, which is why we will have an important discussion today about surrogacy. 

Hour 1

The Matt Walsh Show

Ep. 1765 - This Video Is One Of The Worst Things I've Seen In A Long Time 

The Strait of Hormuz officially opens for business (kind of), the Pope makes “shocking” comments on immigration, and President Trump promises UFO disclosure at TPUSA. 


The Michael Knowles Show

Ep. 1956 -  Pope Leo's "SHOCKING" Immigration Comments EXPLAINED

A false miscreed has corrupted our leadership class.


The Andrew Klavan Show

Ep. 1275 - Dumb, Dumber and Progressive

President Trump announces a 10-day ceasefire between Lebanon and Israel, a murder-suicide involving former Democratic Lieutenant Governor Justin Fairfax shakes Virginia, and France and Britain hold a conference to secure the Strait of Hormuz – after the Iranian conflict ends. Get the facts first with Morning Wire.

- - -

Ep. 2738

- - -

Wake up with new Morning Wire merch: https://bit.ly/4lIubt3

- - -

Today's Sponsors:

Alliance Defending Freedom - Visit https://JoinADF.com/WIRE or text 'WIRE' to 83848 to learn more.

Pocket Hose - Text MORNING to 64000 to get a FREE pocket pivot and their 10-pattern sprayer with the purchase of ANY size Copper Head hose. Message and data rates may apply.

Morning Wire

U.S. Expands Hormuz Blockade & VA Fairfax Deaths Investigated | 4.17.26

U.S. Expands Hormuz Blockade & VA Fairfax Deaths Investigated | 4.17.26 [Member Exclusive]

A ceasefire goes into effect between Israel and Lebanon, a tragic murder-suicide rocks Virginia, and Dairy Queen deploys AI in the drive-thru. Get the facts first with Evening Wire.
- - -
Ep. 2737
- - -
Wake up with new Morning Wire merch: https://bit.ly/4lIubt3 
- - -
Today’s Sponsor:

Alliance Defending Freedom - Visit https://JoinADF.com/WIRE or text “WIRE” to 83848 to learn more.


Evening Wire: Lebanon Ceasefire Begins & Murder-Suicide Rocks VA | 4.16.26

The Pendragon Cycle

Menu

— News —

New Jobless Claims Hit Highest Rate Since January