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US unemployment claims drop to new pandemic low
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unemployment benefits fell to a fresh pandemic low last week, another sign the job market is healing after last year's coronavirus recession.
Jobless claims dropped by 14,000 to 269,000 last week. Since topping 900,000 in early January, the weekly applications have fallen more or less steadily ever since and are gradually moving toward prepandemic levels of around 220,000 a week.
Overall, 2.1 million Americans were collecting unemployment checks the week of Oct. 23 — down from 7.1 million a year earlier when the economy was still reeling from the coronavirus outbreak.
The four-week average of claims, which smooths out weekly ups and downs, dropped below 285,000, also a pandemic low. The job market has been rebounding since the
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COVID-19
United States
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Cases: 46 252 513
Deaths: 750 423
Recovered: 0
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India
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Deaths: 459 652
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Brazil
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Cases: 21 835 785
Deaths: 608 235
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