Skip to content
Unemployment claims drop to their lowest level since the start of the Covid-19 pandemic

Unemployment claims fell below 300,000 last week for the first time since the start of the Covid-19 pandemic in 2020, a sign that companies are holding onto their workers amid high labor demand ‘artwork.

Claims, an indicator of layoffs, fell to 293,000 last week from 329,000 a week earlier, the Labor Department said Thursday. Claims are at their lowest since the coronavirus pandemic took hold in March 2020. The four-week moving average of claims, which smooths out week-to-week variations, fell to 334,250, also the lowest since March 2020.