Economic Buzz: US Weekly Jobless Claims Fall To Lowest Level Since Pandemic Began

Economic Buzz: US Weekly Jobless Claims Fall To Lowest Level Since Pandemic Began

Apr 16, 2021 09:04 IST capital market

US first-time claims for unemployment benefits pulled back by much more than anticipated in the week ended April 10th, falling to their lowest levels since the early days of the pandemic, a report released by the Labor Department on Thursday showed. The Labor Department said initial jobless claims tumbled to 576,000, a decrease of 193,000 from the previous weeks revised level of 769,000. With the much bigger than expected decrease, jobless claims dropped to their lowest level since hitting 256,000 in the week ended March 14, 2020.

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