US jobless claims fall to 364,000, a new pandemic low

  • 📰 ABC
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 51%

United States Headlines News

United States Latest News,United States Headlines

JUST IN: Jobless claims dropped by 51,000 to 364,000, the Labor Department reports, the lowest level since the pandemic struck last year.

The Associated Press

"As life normalizes and the service sector continues to gain momentum, we expect initial jobless claims to remain in a downtrend,'' said Joshua Shapiro, chief U.S. economist at the consulting firm Maria Fiorini Ramirez. Some businesses have complained that expanded federal aid to the unemployed — especially a $300-a-week supplemental benefit, intended to cushion the economic blow from the pandemic — has discouraged some people from looking for a job.

The data firm Homebase reported that employment has actually grown more slowly in the states that had dropped the federal benefits than in those that kept it.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

We have cried out for all bodies responsible for making this world a better place for all human beings but it seems IMFNews(your loans) hrw etc are just there to support atrocities. 2021 elections won by HEBobiwine uganda UgandaIsBleeding

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 471. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.