US jobless claims drop to lowest level since pandemic

The Labor Department said Thursday that unemployment claims fell 36,000 to 293,000 last week, the second consecutive decline. This is the lowest number of people applying for benefits since the week of March 14, 2020, when the pandemic intensified, and claims first fell below 300,000. Applications for unemployment aid, which generally follow the pace of layoffs, have fallen steadily since last spring Many companies, struggling to fill jobs, have retained their workers.

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