US weekly jobless claims fall to pandemic low
In a sign the US jobs market recovery is accelerating, weekly claims drop to a pandemic low of 498,000 last week
06 May 2021 - 18:32
Washington — The number of Americans filing new claims for unemployment benefits fell below 500,000 last week for the first since the Covid-19 pandemic started more than a year ago, signalling the labour market recovery had entered a new phase amid a booming economy.
That was reinforced by other data on Thursday showing US-based employers in April announced the fewest job cuts in nearly 21 years. The reports added to other upbeat employment data in suggesting that the economy enjoyed another strong month of job growth in April...
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