U.s. Jobless Claims Fall To 730,000 But Layoffs Remain High

Christopher S. Rugaber, Denver Post: Business
Thu, 02/25/2021 - 7:14am

WASHINGTON — The number of Americans seeking unemployment benefits fell sharply last week but remained high by historical standards. Applications for benefits declined 111,000 from the previous week to a seasonally adjusted 730,000, the Labor Department said Thursday. It is the lowest figure since late November. Still, before the virus erupted in the United States last March, weekly applications for unemployment benefits had never topped 700,000, even during the Great Recession of 2008-2009. The latest figures come as the job market has made scant progress in the past three months.

Topics: washington americans applications labor department united states march feb key federal reserve s retail december michelle meyer bank america daily president joe biden s the fed chair jerome powell fed s treasury related articles coloradans covid-19 richard clarida the texas economics oren klachkin oxford the at november great recession january fed meyer congress colorado clarida u.s jobless fall remain high week unemployment economy year benefits programs aid market month previous growth lead package million relief diapers number sharply yield economist soared testimony erupted enacted government increase noted checks jobs sales people risk note interest including outlook receiving

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U.s. Jobless Claims Fall To 730,000 But Layoffs Remain High

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