United States unemployment claims fall to 751000, virus resurges

Jobless claims fall to 751,000, lowest level since March

Thursday's report from the Labor Department said the number of people who are continuing to receive unemployment benefits fell more than 700,000 to 7.76 million.

More than 59,000 MA residents filed first-time unemployment claims last week, according to U.S. More than 360,000 people filed for PUA benefits, which Congress created to help gig workers, the self-employed, and others not eligible for typical unemployment.

Jobless claims have not been this low since the week ending March 14, when 282,000 Americans filed for aid, shortly before the virus-induced crisis triggered a flood of layoffs.

The figures, the last snapshot of the labor market ahead of Tuesday's election, underscore a further, yet gradual, recovery in the job market.


Though many are still unemployed, the USA economy has shown signs of recovery, growing at a 33.1% annual rate in the July-September quarter, the Bureau of Economic Analysis announced Thursday.

The decline in continuing claims coincided again with an increase in Americans on Pandemic Emergency Unemployment Compensation, a federal program that provides an additional 13 weeks of benefits. But even with the outsize gain, gross domestic product is still below its pre-pandemic peak.

Unemployment claims have been drifting downward in recent months, but they remain far higher than they were prior to the pandemic. They fell in 30 states, including big drops in California, Florida and Texas. Continued claims in the state have now fallen for five weeks in a row. Claims jumped in Michigan, Virginia and IL.

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