Jobless Claims Fall to Lowest Level Since March 2020
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From the Center
Jobless Claims Fell to a New Pandemic Low Last Week
Unemployment claims declined to the lowest level since the pandemic struck last spring, adding to signs the U.S. economic revival is picking up speed.
Jobless claims, a proxy for layoffs, fell to 576,000 last week from 769,000 a week earlier.
That is the lowest weekly figure since March 2020, but still way above the levels of around 220,000 that prevailed early last year, before the coronavirus pandemic hit the U.S. economy.
“The labor market is on a recovery path,” said AnnElizabeth Konkel, economist at the job site Indeed. “The recovery...
From the Left
State Jobless Claims in U.S. Fall to Lowest Since March 2020
The number of applications for U.S. state unemployment benefits plummeted last week to the lowest since the pandemic began, indicating the labor market continues to thaw as governments lift restrictions on business and activity picks up.
Initial claims in regular state programs decreased by 193,000 to 576,000 in the week ended April 10, Labor Department said Thursday. The prior week’s total was revised upward to 769,000. The latest figure was below all estimates in a Bloomberg survey that had a median projection of 700,000 initial claims.
The decrease in claims...
From the Right
Unemployment claims fall to coronavirus pandemic low of 576,000
The number of Americans filing first-time jobless claims last week fell to the lowest level since the onset of the COVID-19 pandemic, according to the Labor Department.
Data released Thursday showed 576,000 Americans filed for first-time unemployment benefits in the week ended April 10, down from an upwardly revised 769,000 the week prior. Analysts surveyed by Refinitiv were expecting 700,000 filings.
Continuing claims for the week ended April 3, meanwhile, ticked up to 3.731 million from 3.727 million the prior week. That number was above the 3.7 million that was expected.
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