U.S. Jobless Claims Fall More Than Forecast to Pandemic Low
Posted on AllSides May 6th, 2021
From The Left
Applications for U.S. state unemployment insurance fell last week to a fresh pandemic low as labor market conditions continued to improve and the economy reopened more broadly.
Initial claims in regular state programs fell by 92,000 to 498,000 in the week ended May 1, Labor Department data showed Thursday. The median estimate in a Bloomberg survey of economists called for 538,000 claims. The prior week’s figure was revised up to 590,000.
Initial unemployment claims fell to a fresh pandemic low last week
The job market is strengthening as employers...
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