U.S. Jobless Claims Plunge to 576,000, Lowest Since Pandemic

WASHINGTON (AP) – The number of Americans applying for unemployment benefits fell sharply last week to 576,000, a hopeful sign that layoffs are easing as the economy recovers from the pandemic recession.

The Labor Department said Thursday that applications plummeted 193,000 from a revised 769,000 a week earlier.

Jobless claims are now down sharply from a peak of 900,000 in early January.

By Christopher Rugaber, Associated Press

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