U.S. Unemployment Claims Hit New Covid-19 Pandemic Low

Posted on AllSides April 22nd, 2021
From The Center
Economy and Jobs, jobless claims, unemployment benefits

Worker filings for jobless benefits declined to 547,000 last week, a new pandemic low that adds to evidence of a strengthening labor market and overall economic recovery.

Initial unemployment claims, a proxy for layoffs, fell 39,000 last week from an upwardly revised 586,000 the prior week, the Labor Department said Thursday. That put new claims on a seasonally adjusted basis below 600,000 for two consecutive weeks in mid-April, their lowest levels since early 2020. The four-week moving average, which smooths out volatility in the weekly figures, was 651,000, also a...

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https://www.wsj.com/articles/weekly-jobless-claims-coronavirus-04-22-2021-11619041467

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