Weekly Jobless Claims Dip Below 400,000

Weekly Jobless Claims Dip Below 400,000

Fewer Americans are applying for first-time unemployment benefits as the labor market continues to recover. 

Numbers out today from the Labor Department show 385-thousand applications received last week.  That’s down from the previous week’s 406-thousand.  It’s also better than the 393-thousand most analysts had been expecting.  What’s equally important is that initial jobless claims have now dipped below 400-thousand for the first time since the very early days of the COVID-19 pandemic.

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