US jobless claims near pandemic lows last week

US jobless claims near pandemic lows last week

Unemployment claims rose slightly last week but remained close to a pandemic, as layoffs stabilized amid an economic slowdown linked to rising coronavirus cases.

initial unemployment claims increased to 332,000. Done The Labor Department reported Thursday that last week was down from the pandemic figure of 312,000 a week earlier. The four-week moving average for claims, which smoothes out weekly volatility, fell to 335,750, the lowest level since March 2020.

LEAVE A REPLY

Please enter your comment!
Please enter your name here