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Weekly jobless claims post stunning decline to 199,000, lowest level since 1969

The ranks of those submitting jobless claims tumbled to their lowest level in more than 52 years last week, the Labor Department reported Wednesday.New filings totaled 199,000, a number not seen since Nov. 15, 1969, when claims totaled 197,000. The report easily beat...

U.S. jobless claims little changed in potential sign that layoffs have hit a plateau

First-time claims for unemployment insurance were little changed over the past week, indicating the heightened pace of layoffs during the pandemic may have hit a plateau, the Labor Department reported Thursday.Initial filings for the week ended Nov. 13, totaled 268,000, a decline of...

Jobless claims fall below 300,000 for the first time since the pandemic began

Initial jobless claims fell below 300,000 for the first time since the early days of the Covid-19 pandemic, the Labor Department said Thursday.In another sign the jobs market is getting closer to its old self, first-time claims for unemployment insurance totaled 293,000, the...