Jobless Claims Set a New Pandemic Low for Fifth Straight Week

Jobless Claims Set a New Pandemic Low for Fifth Straight Week
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• Initial jobless claims last week fell to a new pandemic low of 473,000 , down from a revised 507,000 in the previous week, and the fifth straight decline in that number, the Labor Department said Thursday. The biggest declines in new jobless claims came in Michigan, New York, Florida, and Vermont, while Georgia and Washington were the only states to report a notable increase, MarketWatch reported. Economists surveyed by Dow Jones and The Wall Street Journal had expected total new claims would be a seasonally adjusted 500,000.