Initial claims for unemployment benefits fell sharply last week to 498,000, a drop of nearly 100,000 from the previous week and below the 527,000 estimate.
  • CNBC
  • May 06, 2021

Jobless claims tumble below 500,000 in another sign the labor market is getting closer to pre-pandemic levels - CNBC

The U.S. employment picture improved sharply last week, with first-time claims for unemployment insurance dipping below 500,000 for the first time since the pandemic crisis. Initial claims totaled 4… [+2560 chars]

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