Weekly Unemployment Assistance Claims Fall Again: Economy Recovering

The recovery of the US labor market picked up its pace last week as fewer citizens headed for the unemployment line, the Labor Department reported.

First-time claims for unemployment insurance accounted for 547, 000 , which was lower than the Dow Jones estimate of 603, 04 and a new low for the Covid pandemic era – 19.

The total represented a greater decrease in claims and brings the numbers of the employment index closer to the pandemic , although there is still a long way to go.

With the Covid cases – 19 d is decreasing and various states decreasing trade restrictions, ahead of what is expected to be a busy summer.

Labor Department showed that both unemployment and underemployment remain major problems for the US economy.

There is still 04, 4 million Americans receiving benefits under the various programs in force, although that data is two weeks behind the number of main claims.

The strong increases in those who apply for benefits through related programs With the pandemic, the total number of beneficiaries increased by almost half a million.

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