Initial jobless claims for the week ending April 17 fell to a seasonally adjusted 547,000, a 39,000 drop from the previous week and the lowest level since pandemic lockdowns began last March.
The continued drop in weekly claims is a sign of an improving labor market but also indicates how tough conditions remain.
The weekly figure is over double the pre-pandemic level.
Read more at The Hill.
{Matzav.com}
