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U.S. Jobless Claims Declined Last Week, Near Pandemic Low (1)

July 29, 2021, 12:49 PM

Applications for U.S. state unemployment fell last week, signaling that the labor market continues to improve even as the delta variant of Covid-19 rages amid sustained vaccine hesitancy.

Initial jobless claims in regular state programs totaled 400,000 in the week ended July 24, down 24,000 from the prior week, Labor Department data showed Thursday. The median estimate in a Bloomberg survey of economists called for 385,000 new applications.

Weekly unemployment claims have fallen considerably since the beginning of the year against a backdrop of elevated labor demand. At the same time, the delta variant that’s fueled a recent surge ...

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