A new pandemic low: US jobless claims fall to 406,000
The number of weekly applications for jobless aid -- a rough measure of the pace of layoffs -- has fallen by more than half since January.
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By Associated Press
WASHINGTON: The number of Americans seeking unemployment benefits dropped last week to 406,000, a new pandemic low and more evidence that the job market is strengthening as the virus wanes and economy further reopens.
Thursday's report from the Labour Department showed that applications declined 38,000 from 444,000 a week earlier.
The number of weekly applications for jobless aid -- a rough measure of the pace of layoffs -- has fallen by more than half since January.