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Tag: unemployment

US jobless claims tumble to 576,000, lowest since pandemic

AP – US jobless claims tumbled last week with 576,000 Americans applying for unemployment. The Labor Department said Thursday that applications plummeted by 193,000 from a revised 769,000 a week earlier. Jobless claims are now down sharply from a peak of 900,000 in early January. Jobless benefit collection went down to 16.9 million for the week ending in March 27, compared to 18.2 million the in the previous week. Those figures make clear that even as the economy has strengthened in recent weeks, millions are facing a loss of a job or income and have been struggling to pay bills or rent,...

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