U.S. Jobless Claims Fall to Lowest Level Since Start of Coronavirus Pandemic

0 7


The number of Americans filing initial claims for unemployment fell to the lowest level since the pandemic began, suggesting layoffs are easing despite a rise in coronavirus infections.

Initial jobless claims, a proxy for layoffs, fell by 40,000 to 751,000 in the week through Oct. 24, the Labor Department said Thursday. That was the lowest level of claims since mid-March, just before the coronavirus pandemic shut down much business activity throughout the U.S. economy.

The…



Read More: U.S. Jobless Claims Fall to Lowest Level Since Start of Coronavirus Pandemic

Get real time updates directly on you device, subscribe now.

You might also like