News and Commentary

Weekly Jobless Claims Drop To Lowest Level Since Early Days Of The Pandemic: Report

Ryan Saavedra
Weekly Jobless Claims Drop To Lowest Level Since Early Days Of The Pandemic: Report
MANDEL NGAN/AFP via Getty Images

Weekly jobless claims have dropped to their lowest levels since the early days of the coronavirus pandemic in March, which could bolster President Donald Trump’s re-election efforts.

“New filings for jobless claims in the U.S. totaled 787,000 last week, the lowest total since the early days of the coronavirus pandemic,” CNBC reported. “The total reflected a decline of 55,000 from the downwardly revised 842,000 from the previous week. The last time the weekly claims total was lower was the 282,000 on March 14, just before an avalanche of layoffs that occurred in conjunction with efforts to combat the virus.”

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