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U.S. Jobless Claims Fell Last Week to Fresh Pandemic-Era Low

April 29, 2021, 12:46 PM

Applications for U.S. state unemployment insurance fell last week to a fresh pandemic low as more Americans get vaccinated and return to work.

Initial claims in regular state programs decreased by 13,000 to 553,000 in the week ended April 24, Labor Department data showed Thursday. The median estimate in a Bloomberg survey of economists was 540,000 claims. The prior week’s total was revised up to 566,000.

Texas, Wisconsin and Georgia led states with the biggest declines in initial claims last week, while Virginia saw an increase of more than 29,000 claims.

The drop in unemployment benefits applications is the...

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