406k people filed for unemployment in the US last week, declining by 38k from the prior week. The tally marks the fourth consecutive week of pandemic-era lows, but remains above pre-coronavirus levels.
More context: Every week, the Department of Labor releases a report that includes “initial claims” for unemployment benefits, which is widely used as a barometer for layoffs. Access the full report here.
The New Paper
This story is from the May 28, 2021 edition of The New Paper – a clear, concise daily briefing that makes fact-first news easy to consume. Try it today.