Weekly jobless claims fell sharply to the lowest level in 52 years, reflecting the labor market’s tightening as the economy recovers from the effects of the pandemic.

Worker filings for initial unemployment benefits, a proxy for layoffs, dropped 71,000 to 199,000 last week, the lowest level since November 1969, the Labor Department reported Wednesday.

(this story/news/article has not been edited by PostX News staff and is published from a syndicated feed)

Source

LEAVE A REPLY

Please enter your comment!
Please enter your name here