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US Jobless Claims At 52-Year Low Amid Seasonal Volatility

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FILE - A traveller wheels her baggage past a now hiring sign outside a bar and restaurant Saturday, Oct. 9, 2021, in Sioux Falls, S.D. America’s employers slowed the pace of their hiring in November, adding 210,000 jobs, the lowest monthly gain in nearly a year. Friday, Dec. 3 report from the Labor Department also showed that the nation's unemployment rate tumbled from 4.6% to 4.2% evidence that many more people reported that they had a job. (AP Photo/David Zalubowski)

(AP) — The number of Americans applying for unemployment benefits plunged last week to the lowest level in 52 years, more evidence that the U.S. job market is recovering from last year’s coronavirus recession.

Unemployment claims dropped by 43,000 to 184,000 last week, the lowest since September 1968, the Labor Department said Thursday. The four-week moving average, which smooths out week-to-week volatility, fell to below 219,000, lowest since the pandemic hit the United States hard in March 2020.

Overall, just under 2 million Americans were collecting traditional unemployment benefits the week that ended Nov. 27.

 

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