Another Drop In Jobless Claims

June 3, 2021 8:49 am

WASHINGTON (AP) – The number of Americans seeking unemployment benefits has fallen for a fifth straight week to a new pandemic low, the latest evidence that the U.S. job market is regaining its health as the economy further reopens. The Labor Department says jobless claims dropped to 385,000 last week, down 20,000 from the week before. The decline in applications reflects a swift rebound in economic growth and the job market’s steady recovery from the coronavirus recession. More Americans are venturing out to shop, travel, dine out and congregate at entertainment venues. All that renewed spending has led companies to seek new workers.