US unemployment claims fall below 500,000 for first time since the pandemic
Economies.com
2021-05-06 12:58PM UTC
Data showed today that the US labor market continues to recover from the coronavirus pandemic impact, which is reflected in falling number of applications for unemployment benefits.
The US Department of Labor showed that the unemployment claims fell to 498,000 last week, dropping below 500,000 for the first time since the pandemic started, beating forecasts of 540,000.
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