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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
About Brendan FitzpatrickBrendan, a recent graduate from the University of Massachusetts Amherst, is one of the newest members of the CapeCod.com NewsCenter team. When not on the beat, you'll probably find him watching Boston sports.
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