U.S. weekly jobless claims drop below 400,000

Published by

WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits dropped below 400,000 last week for the first time since the COVID-19 pandemic started more than a year ago, pointing to a strengthening labor market despite a worker shortage that is limiting hiring. Initial claims for state unemployment benefits totaled a seasonally adjusted 385,000 for the week ended May 29, compared to 405,000 in the prior week, the Labor Department said on Thursday. That was the lowest since mid-March 2020, when mandatory closures of nonessential businesses were enforced to slow the…

Read More

Share this Story
Load More Related Articles
Load More In US News

Facebook Comments

Check Also

Berlin police say fire inspection of left-wing squat completed

Published by DPA A fire safety inspection of ...