World Business Watch: US weekly jobless claims drop below 500,000, layoffs lowest since 2000
Edited By WION Video Desk
Published: May 07, 2021, 05:50 IST | Updated: May 07, 2021, 05:50 IST
The number of Americans filing new claims for unemployment benefits fell below 500,000 last week for the first since the COVID-19 pandemic started more than a year ago, signaling the labor market recovery had entered a new phase amid a booming economy.
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