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Jobless Claims Fell to a New Pandemic Low Last Week – The Wall Street Journal

Applications for unemployment benefits have declined this year but are still historically high



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Unemployment claims declined to the lowest level since the coronavirus pandemic struck last spring, adding to signs the U.S. economic revival is picking up speed.
Jobless claims, a proxy for layoffs, fell to 576,000 last week from 769,000 a week earlier. That is the lowest weekly figure since March 2020. Claims remain higher than the pre-pandemic levels of around 220,000, but economists expect they will continue to drop as the recovery accelerates.
We are seeing both a strong reopening and rehiring…

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