The number of Americans filing new weekly unemployment benefits fell last week, approaching pre-pandemic levels, with the labor market recovery gaining momentum despite the continued negative impact of the labor shortage on the rise. the number of jobs.
The Department of Labor said Thursday that the prime Government jobless claims fell 1,000 to 268,000 seasonally adjusted for the week ending November 13. This is the lowest level since the Covid-19 pandemic began, more than 20 months ago.
Experts interviewed by Reuters had expected applications to hit 260,000 last week.
The drop in orders for the seventh consecutive week caused the rate to stabilize above the level of 256 thousand recorded in mid-March 2020.
Orders dropped off a peak record of 6.149 million in early April 2020.
The continued improvement is consistent with other data indicating an acceleration of economic activity after a period of weakness during the summer, when the country was hit by a wave of delta-driven coronavirus infections.
Compensation claims have declined since mid-October, indicating higher employment growth. But the outbreak, which has lasted for nearly two years, caused a labor shortage and left 10.4 million jobs vacant until the end of September.
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