Jobless Claims Tumble Below 500,000
Jobless claims tumble below 500,000 in another sign the labor market is getting closer to pre-pandemic levels The U.S. employment picture improved sharply last week, with first-time claims for unemployment insurance dipping below 500,000 for the first time since the pandemic crisis. Initial claims totaled 498,000 for the week ended May 1, against the Dow [...]