Jobless Claims Fall To Lowest Level Of The Pandemic

New jobless claims fell to the lowest levels of the pandemic era, federal data shows, with a better-than-expected 684,000 being filed last week. Economists surveyed by Dow Jones had expected to see a number near 735,000 after filings spiked to 781,000 the week before. The latest tally is less than the prepandemic weekly high of 695,000, set in October 1982. Last week’s 97,000 drop in initial unemployment claims is another sign that the economic impact of the coronavirus pandemic is easing. An additional 241,745 filed claims for Pandemic Unemployment Assistance, for gig and self-employed workers. Read more at The Washington Post.