The number of Americans applying for unemployment benefits fell for the seventh straight week to a pandemic low 268,000.
The Associated Press
U.S. jobless claims dipped by 1,000 last week from the week before, the Labor Department reported Thursday. Until Sept. 6, the federal government had supplemented state unemployment insurance programs by paying an extra payment of $300 a week and extending benefits to gig workers and to those who were out of work for six months or more. Including the federal programs, the number of Americans receiving some form of jobless aid peaked at more than 33 million in June last year.
But the economy began to recover last summer. Consumers, pocketing government relief checks and gaining confidence as COVID-19 cases fell, resumed spending. With the rollout of vaccines this year, they began to return to shops, restaurants and bars.
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