US unemployment claims plunges to 184,000, lowest since 1969
US unemployment claims plunges to the lowest rate in more than half a century: Claims dropped by claims dropped by 43,000 in one week to low of 184,000 even after 4.2m quit their jobs in October Unemployment claims dropped by 43,000 to 184,000 last week, the lowest since September 1969, the Labor Department said Thursday The four-week moving average fell to below 219,000, lowest since the pandemic hit the United States hard in March 2020 Overall, just under 2 million Americans were collecting traditional unemployment benefits the week that ended November 27 Massive government aid and the rollout of vaccines helped revive the economy and the job market Since April last year, the United States has regained nearly 18.5 million jobs Employers posted a near-record 11 million job openings in October October also saw 4.2 million people quit their jobs — just off the September record of 4.4 million But the economy is still 3.9 million jobs short of where it stood in February 2020 and the prospects for the economy remain vulnerable to COVID variants
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The number of Americans applying for unemployment benefits plunged last week to the lowest level in 52 years, more evidence that the U.S. job market is recovering from last year’s coronavirus recession.
Unemployment claims dropped by 43,000 to 184,000 last week, the lowest since September 1969, the Labor Department said Thursday. The four-week moving average, which smooths out week-to-week volatility, fell to below 219,000, lowest since the pandemic hit the United States hard in March 2020.
Overall, just under two million Americans were collecting traditional unemployment benefits the week
