Applications for U.S. state unemployment benefits plunged last week to a level not seen since 1969, which if sustained would mark the next milestone in the labor market’s uneven recovery.
Initial unemployment claims in regular state programs fell by 71,000 to a seasonally adjusted 199,000 in the week ended Nov. 20, Labor Department data showed Wednesday. The median estimate in a Bloomberg survey of economists called for 260,000 applications.
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November 24, 2021 at 08:32PM
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US Jobless Claims Nov. 20, 2021: Unemployment Claims Fall to Lowest Since 1969 - Bloomberg
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