Weekly Jobless Claims Drop To Nearly Their Lowest Level Since The Pandemic Started In March

New filings for jobless claims in the U.S. totaled 787,000 last week, nearly the lowest total since the early days of the coronavirus pandemic. Economists surveyed by Dow Jones had been expecting 875,000 for the week ended Oct. 17. It was their lowest total since Oct. 3 and their second-lowest mark since March 14, just before an avalanche of layoffs that followed shutdown efforts to combat the virus. The total reflected a decline of 55,000 from the downwardly revised 842,000 in the previous week. Read more at CNBC.