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Jobless Claims Fall for Fourth Week to New Pandemic Low

Friday, May 28 2021
Lending
Written by  The Mortgage Leader

The jobs picture continues to brighten, as initial unemployment claims have fallen for four straight weeks now, reaching a 14-month low. So reports Yahoo! Finance.

DOL2According to the Department of Labor’s weekly report, first-time jobless claims dipped to 406,00 for the week ending May 22, down from 444,000 a week earlier and below the 425,000 consensus estimate.

The pre-pandemic weekly pace of new jobless claims was slightly more than 200,000.

Read the full article from Yahoo! Finance.

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