Jobless Claims Fall to 751,000

Number of people who are continuing to receive unemployment benefits fell more than 700,000...

(Headline USA) The number of Americans seeking unemployment benefits fell last week to 751,000, the lowest since March.

Applications for unemployment aid fell 40,000 from the previous week, the Labor Department said Thursday.

They fell in 30 states, including big drops in California, Florida and Texas.

Claims rose in Arizona, Illinois, and Michigan.

The government said Thursday that the economy expanded at a record 33% annual rate in the July-September quarter.

That’s a sharp rebound after an epic collapse in the spring — when the economy shrank at a 31.4% annual rate — recovering about two-thirds of what was lost to the pandemic.

Thursday’s report from the Labor Department said the number of people who are continuing to receive unemployment benefits fell more than 700,000 to 7.76 million.

The decline shows that some of the unemployed are being recalled to their old jobs or are finding new ones.

Adapted from reporting by Associated Press.


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