Jobless Claims Drop To Pandemic Low

October 28, 2021 9:27 am

WASHINGTON (AP) – The number of Americans applying for unemployment benefits fell to a pandemic low last week, another sign that the job market and economy continue to recover from last year’s coronavirus recession. Jobless claims dropped by 10,000 to 281,000, lowest since mid-March 2020, the Labor Department said Thursday. Since topping 900,000 in early January, áweekly applications have steadily dropped, moving ever closer to pre-pandemic levels just above 200,000. In all, 2.2 million people were collecting unemployment checks the week of Oct. 16, down from 7.7 million a year earlier.