Economics

U.S. Jobless Claims Fall to Pandemic Low as Economy Accelerates

  • Initial applications for benefits fell to 547,000 last week
  • Texas, New York led states with biggest decreases in claims
U.S. Jobless Claims Tumble by 39,000 to a Pandemic Low
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Applications for U.S. state unemployment insurance unexpectedly plunged to a fresh pandemic low as the job market recovery gathers steam.