US initial jobless claims decline; fresh low since March 2020

The number of individuals who collected the regular state unemployment benefits peaked in April and May last year by over 20 million.

US initial jobless claims decline; fresh low since March 2020

The US Labor Department has reported a fresh low of jobless claims in the United States that dropped to 2,69,000.

The data as per the Department's Bureau of Labor Statistics (BLS) up to October 30 (released on Thursday) revealed the fall in the number of Americans filing for unemployment benefits from 2,83,000.