Weekly unemployment numbers show an improvement over last week
The Labor Department has released its weekly unemployment benefits numbers and they show an improvement over last week.
According to the numbers, unemployment claims fell by 6,000 to 290,000 last week. That’s the third weekly drop in a row and the fewest to apply for benefits since the pandemic worsened in March 2020.
However, the report also shows hiring has slowed in the past two months, even with a new record number of open jobs on the market.