Jobless claims dip, with 360,000 Americans applying for unemployment benefits
CBSN
The number of Americans filing for first-time unemployment benefits reached a new pandemic low last week, demonstrating the job market's continued recovery.
Some 360,000 people applied for regular jobless aid in the week ended July 10, according to the Labor Department. That's down 26,000 from the previous week and the lowest level of claims since March 14, 2020. Another 96,000 people applied for Pandemic Unemployment Assistance, the federal program for the self-employed. The number of first-time jobless applicants, a proxy for layoffs, has fallen steadily since January, when it approached 1 million a week.More Related News