The number of Americans applying for unemployment assistance has fallen to its lowest level since the coronavirus pandemic broke out a year ago. The Ministry of Labor said Thursday that about 684,000 people had applied for unemployment benefits in the week leading up to March 20. The number adjusted for seasonal fluctuations has decreased by 97,000 from the previous week.
An additional 241,000 people have applied for pandemic unemployment support, a federal program for self-employed and gig workers.
“”[W]Ian Shepherdson of Pantheon Macroeconomics told investors in a memo.
Almost 19 million people continue to collect unemployment benefits. About one-third of them participate in an extended federal aid program, which means they have been unemployed for at least six months.
Unemployed claims fall to the lowest level in a year
Source link Unemployed claims fall to the lowest level in a year