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Economy

US jobless claims rise to 419,000 from a pandemic low

WASHINGTON (AP) - The number of Americans seeking unemployment benefits rose last week from the lowest point of the pandemic, even as the job market appears to be rebounding on the strength of a reopened economy. Jobless claims increased to 419,000 from 368,000 the previous week.

The weekly number of first-time applications for benefits, which generally tracks layoffs, has fallen steadily since topping 900,000 in early January. Americans are shopping, traveling and eating out more as the pandemic has waned, boosting the economy and forcing businesses to scramble for more workers.

Companies have posted the highest number of available jobs in the two decades that the data has been tracked.

National/World
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Joe Buttitta

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