Usa Washington 2020 pandemic economy Usa Washington

US unemployment claims drop to pandemic low of 281,000

Reading now: 329
www.fox29.com

WASHINGTON - The number of Americans applying for unemployment benefits fell to a pandemic low last week, another sign that the job market and economy continue to recover from last year's coronavirus recession.Jobless claims dropped by 10,000 to 281,000, lowest since mid-March 2020, the Labor Department said Thursday.

Since topping 900,000 in early January, weekly applications have steadily dropped, moving ever closer to prepandemic levels just above 200,000.In all, 2.2 million people were collecting unemployment checks the week of Oct.

16, down from 7.7 million a year earlier.The pandemic slammed the economy in the spring of 2020. In March and April last year, employers slashed more than 22 million jobs as businesses closed or reduced.

Read more on fox29.com
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA