Economics
U.S. Jobless Claims Fall to Lowest Level Since End of November
- Initial applications decrease for a third consecutive week
- Illinois led all states with a more than 55,000 drop in claims
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Applications for U.S. state unemployment benefits fell last week to the lowest level since the end of November, a sign that job cuts are starting to slow as Covid-19 infections ebb.
Initial jobless claims in regular state programs decreased by 33,000 to 779,000 in the week ended Jan. 30, the third straight decline, Labor Department data showed Thursday. On an unadjusted basis, applications dropped to 816,247.