Right now, a bunch of New York is underwater (New Orleans, too, but nobody had their cousin’s bachelorette party or whatever planned for this weekend so just cue up Kanye there). Meanwhile, nearly half of the United States is suffering from catastrophic drought conditions.

We’re also in the middle of A LITERAL PLAGUE. Oh, and the West? Yeah, they just went ahead and replaced it with a huge fire.

But hey, for those people who aren’t swimming for their lives or on fire, what a time to be looking for a career change! The labor market is on fir…err, let’s say on track to enter autumn in a very impressive condition.

The number of Americans filing new claims for jobless benefits fell last week, while layoffs dropped to their lowest level in more than 24 years in August, suggesting the labor market was charging ahead even as new COVID-19 infections surge.

Well, that’s good new! Nobody likes to finally get off the ventilator and come back to their remote work station only to find that they’ve been laid off.

Oh, and the stock market: the stock market loves it.

Ahead of a key monthly report on job gains, a new print on weekly unemployment claims came in lower than expected, underscoring further improvements in the economic recovery.

The S&P 500 advanced to an all-time high. The Nasdaq also rose to set a fresh intraday record before paring some gains during the afternoon session.

So, there you have it. Americans are getting back to work. That is, as long as they haven’t washed away, become severely dehydrated, been admitted to an intensive care unit, or been consumed in a conflagration.

U.S. labor market powers ahead as weekly jobless claims fall, layoffs hit 24-year low [Reuters]
Stock market news live updates: Stocks rise to record highs after jobless claims hit pandemic-era low [Yahoo Finance]

For more of the latest in litigation, regulation, deals and financial services trends, sign up for Finance Docket, a partnership between Breaking Media publications Above the Law and Dealbreaker.

Related

hiring

White-Collar Workers Clandestinely Working Two Remote Jobs At Once Reveal A Lot

If workers can do what is required of them in less than 40 hours per week, then they shouldn’t have to pretend that it’s taking them 40 hours per week just to keep their health insurance.

jaredkushner

Don’t Worry About Coronavirus, Slumlord Millionaire Jared Kushner Is On It

He'll get this cleared up as quickly as he achieved peace in the Middle East.

Mess of New Jobs, Higher Unemployment Greet 2013

It seems like everyone's got it in for Treasurys this New Year.

covid vaccine

Humoring Vaccine Conspiracy Theorists Is Costing The U.S. Health System Over A Billion A Month

Unvaccinated people more likely to get the disease are also more likely to spread it.

closed bar

The Economic Comeback Is Losing Steam

New data points to a long road ahead.

coronavirus

But I Was Promised A V-Shaped Recovery!

The news, while not exactly all bad, is also not particularly good.