U.S. Jobless Claims Extend Decline to New Pandemic Low

Posted on AllSides May 27th, 2021
From The Center
Economy and Jobs, jobless claims, unemployment benefits

Worker filings for jobless benefits fell again to a fresh pandemic low, extending a steady downward trend and adding to signs of a healing labor market as the economy opens more fully.

Initial unemployment claims for regular state programs, a proxy for layoffs, fell last week to 406,000 from 444,000 the prior week, the Labor Department said Thursday. That level represents the lowest levels of claims since the coronavirus pandemic’s onset last year and the fourth consecutive week claims have reached a new pandemic low. Economists surveyed by The Wall Street Journal had forecast there...

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https://www.wsj.com/articles/weekly-jobless-claims-coronavirus-05-27-2021-11622068894

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