Jobless Claims Extend Drop Toward Levels Seen Before Covid-19

Posted on AllSides November 4th, 2021
From The Center
Economy and Jobs, unemployment

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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