US unemployment claims fall to 360,000, a new pandemic low

Thursday’s report from the Labor Department showed that jobless claims fell by 26,000 last week to 360,000. The weekly tally, a proxy for layoffs, has fallen more or less steadily since topping 900,000 in early January.

The rollout of COVID-19 vaccines has sharply reduced new viral cases — from a seven-day average of around 250,000 in early January to roughly 25,000 recently — despite a recent uptick. As the health crisis has receded, cooped-up Americans have increasingly emerged from their homes, eager to spend on things they had missed during pandemic lockdowns — dinners out, a round of drinks, sports and entertainment events, vacation getaways and shopping trips.

A temporary $300-a-week federal unemployment benefit, on top of regular state jobless aid, may be enabling some people to be more selective in looking for and taking jobs. Roughly half the states plan to stop paying the supplement by the end of July in what proponents say is an effort to nudge more of the unemployed to seek jobs.

It’a because republican states are refusing to pay unemployment

funny how when you take away the free extra money that unemployment goes down but there can not be any correlation

That's because they can no longer get unemployment, not because they are no longer unemployed. Most people's benefits have termed out and they can't anymore unemployment, so of course no one is applying. More lies.

It won't stay that way with Republicans refusing vaccinations.

This number reflect ls new applications for unemployment. It does not take into account those who are currently receiving benefits

RepMcClintock Thanks for nothing jackass.

Is this new unemployment claims or total in US ?

That's because states are opening back up.

No they are not. Have you seen all the help wanted signs? All the places closing early or entirely shit down bc they can’t find workers

why is the picture MasterCard? Why is it not someone looking stressed to pay their bills? Why isn’t a person filling out a job application? Why isn’t it something other than this continued process of spending money and credit and all that crap!!!

Interesting what happens when the free money stops appearing in the mailbox...

Thanks POTUS JoeBiden VP

Joe Biden is an American hero.

Thanks Joe Biden.

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