U.S. jobless claims plunge to 199,000, lowest in 52 years

Wednesday, November 24, 2021 | Tag Cloud Tags: , , , , , ,

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(Worthy News) – The number of Americans applying for unemployment benefits plummeted last week to the lowest level in more than half a century, another sign that the U.S. job market is rebounding rapidly from last year’s recession.

Jobless claims dropped by 71,000 to 199,000, the lowest since mid-November 1969. The drop was much bigger than economists expected.

The four-week average of claims, which smooths out weekly ups and downs, also dropped – by 21,000 to just over 252,000, the lowest since mid-March 2020 when the pandemic slammed the . [ Source: Washington Times (Read More…) ]

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