Jobless Claims Extend Drop Toward Levels Seen Before Covid-19

Posted on AllSides November 4th, 2021
From The Center
Economy and Jobs, unemployment
PHOTO: NAM Y. HUH/ASSOCIATED PRESS

Worker filings for unemployment benefits continued their steady downward march as they approached levels last seen before the coronavirus pandemic.

Worker filings for initial unemployment benefits, a proxy for layoffs, fell to 269,000, the Labor Department said Thursday. The figure for the previous week was revised to 283,000 from 281,000.

Jobless AidFilings for unemployment benefits since the​start of 2021Initial jobless claims, weeklySource: U.S. Employment and Training​Administration via St. Louis FedNote: Seasonally adjusted.

The four-week average for weekly claims fell to 284,750 last week, holding well below a recent peak of 424,000...

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