Economy

Weekly Jobless Claims Fall To New Pandemic Low

According to the Labor Department, 473,000 Americans applied for unemployment benefits last week.

Weekly Jobless Claims Fall To New Pandemic Low
Mary Schwalm / AP
SMS

New jobless aid applications fell to a new pandemic low.

According to the Labor Department, 473,000 Americans applied for unemployment benefits last week. It's the fourth weekly decline in the past five weeks.

Economists say it's a sign fewer employers are slashing jobs. 

Meanwhile at least 12 Republican-led states say they will stop paying out the extra jobless benefits under federal COVID relief.