Unemployment claims fall to pandemic-era low
CBSN
The number of Americans filing for first-time jobless aid last week fell to its lowest level since the COVID-19 pandemic erupted in 2020, a sign layoffs are easing as the economy recovers.
Some 547,000 people applied for unemployment benefits in the week ended April 17, the Labor Department said Thursday. That's 39,000 fewer than the previous week and the lowest weekly number since March 14, 2020. About 133,000 others applied for Pandemic Unemployment Assistance, a federal program for self-employed and gig workers. The latest jobless claims figure is far below the roughly 1 million weekly applications the nation saw in January. But it remains more than twice its pre-pandemic level of about 250,000, showing how much further the recovery has to go.
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