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U.S. jobless claims dip below 400,000 for first time in COVID pandemic

Applications for U.S. state unemployment insurance dipped below 400,000 for the first time during the pandemic as hiring accelerates and the economy strengthens heading into the summer months.Initial claims in regular state programs decreased by 20,000 to 385,000 in the week ended May 29, Labor… ....

United States , Research Institute On , Labor Department , ஒன்றுபட்டது மாநிலங்களில் , ஆராய்ச்சி நிறுவனம் ஆன் , தொழிலாளர் துறை ,

Jobless Claims Dip Below 400,000 for First Time in Pandemic

Applications for U.S. state unemployment insurance dipped below 400,000 for the first time during the pandemic as hiring accelerates and the economy strengthens heading into the summer months. ....

United States , Research Institute On , Labor Department , ஒன்றுபட்டது மாநிலங்களில் , ஆராய்ச்சி நிறுவனம் ஆன் , தொழிலாளர் துறை ,

US jobless claims fall below 400,000 while private payrolls spike | Business and Economy News


The number of Americans filing new claims for unemployment benefits dropped below 400,000 last week for the first time since the coronavirus pandemic started more than a year ago, the United States Department of Labor (DOL) said on Thursday.
Initial claims for state unemployment benefits totalled 385,000 for the week ended May 29, compared to 405,000 the prior week.
“The decline in new claims – down by nearly half since early April – shows that layoffs are receding, while the more stubborn level of continuing claims reminds us that a full recovery of jobs lost during the pandemic will be a more uneven process,” Nancy Vanden Houten and Gregory Daco, economists at Oxford Economics, said in a Thursday note. ....

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