US unemployment claims drop to 473,000, a new pandemic low | www.WDIO.com

US unemployment claims drop to 473,000, a new pandemic low

US jobless unemployment rates fall coronavirus pandemic US jobless unemployment rates fall coronavirus pandemic |  Photo: Storyblocks

CHRISTOPHER RUGABER AP Economics Writer
Created: May 13, 2021 09:25 AM

WASHINGTON (AP) - The number of Americans seeking unemployment benefits fell last week to 473,000, a new pandemic low and the latest evidence that fewer employers are cutting jobs as consumers ramp up spending and more businesses reopen. Applications declined 34,000 from a revised 507,000 a week earlier.

The number of weekly jobless claims - a rough measure of the pace of layoffs - has fallen significantly from a peak of 900,000 in January. Instead of cutting jobs, many employers are struggling to attract enough applicants for open positions.
 

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CHRISTOPHER RUGABER AP Economics Writer

Copyright 2021 The Associated Press. All rights reserved.

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