Monday, January 30, 2023

Unemployment claims dropped to 269,000, another pandemic low

WASHINGTON – The number of Americans who filed for unemployment benefits fell to a new pandemic low last week, another sign of a recovery in the labor market from last year’s coronavirus recession.

The number of applications for unemployment benefits fell by 14,000 to 269,000 last week. Since the number of applications for weekly applications exceeded 900,000 in early January, the number of applications for them has declined more or less steadily and is gradually approaching the pre-pandemic level of about 220,000 per week.

Overall, 2.1 million Americans collected unemployment checks in the week of October 23, up from 7.1 million a year earlier, when the economy was still shaking due to the coronavirus outbreak.

Nation World News Desk
Nation World News Desk
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