U.S. jobless claims fall to 730,000 – lowest since late November 2020
Unemployment remain at historical highs, but decline is sign U.S. economy slowly emerging from pandemic shutdown
The number of Americans seeking a first-time federal jobless claim last week was 730,000, 111,000 less than in the previous week, the Labor Department reported Thursday.
The sharp decline is a sign the U.S. economy is improving as more Americans become vaccinated for COVID-19 and virus numbers across the country decline. However, U.S. unemployment remains at historical highs, as the pandemic is now almost 1-year-old and many sectors of the domestic economy remain throttled.
Last week's number was the lowest since late November. However, before the virus erupted in the U.S. last March, weekly applications for unemployment benefits had never exceeded 700,000, even during the Great Recession of 2008-2009, according to the Associated Press.
News, Not Noise
- Ga. governor candidate on criticism of voter ID: 'White liberals think black people are too dumb'
- Arizona Senate on the verge of beginning major audit of Maricopa County ballots
- Mom of Breonna Taylor says activists have exploited her death, calls BLM 'fraud'
- Labor leader: Union workers buying new cars, 'remodeling their homes' after Biden pension bailout
- As corporations bow to left's agenda, conservatives eye mass boycotts of woke brands