India  

Jobless Claims Drop Again for a New Pandemic Low

Video Credit: Wibbitz Top Stories - Duration: 00:51s - Published
Jobless Claims Drop Again for a New Pandemic Low

Jobless Claims Drop Again for a New Pandemic Low

Jobless Claims Drop Again for a New Pandemic Low.

According to the Labor Department's report on May 20, jobless claims dropped to a new low of 444,000 last week.

The number is lower than the 452,000 claims economists had predicted.

The previous week saw 478,000 new claims. The new numbers are significantly lower than the over 2.3 million claims that were filed during the same period one year ago.

The economic rebound comes as the U.S. continues to administer 1.8 million doses of the COVID-19 vaccine per day.

Still, continuing claims remain at 3.7 million.

Businesses such as McDonald's and Amazon have offered increased wages and more incentives to encourage workers to seek employment once again.

Businesses such as McDonald's and Amazon have offered increased wages and more incentives to encourage workers to seek employment once again


You Might Like


Related videos from verified sources

Unemployment hits pandemic low [Video]

Unemployment hits pandemic low

Labor statistics show record low numbers in jobless claims since the pandemic started.

Credit: FOX 4 Now Florida     Duration: 00:32Published
Jobless Claims Fall to Lowest Level of the Pandemic [Video]

Jobless Claims Fall to Lowest Level of the Pandemic

Jobless Claims Fall , to Lowest Level of the Pandemic. 473,000 Americans filed for first-time unemployment benefits the week ending May 8. It is the second week in a row that jobless claims have..

Credit: Wibbitz Top Stories     Duration: 00:51Published
U.S. weekly jobless claims fall to new pandemic low [Video]

U.S. weekly jobless claims fall to new pandemic low

Fewer Americans filed new claims for unemployment benefits last week, as companies held on to their workers amid the growing labor shortage that helped to curb job growth in April. This report produced..

Credit: Reuters - Politics     Duration: 01:25Published