Unemployment Claims Show Modest Improvement

States reported that 712,000 U.S. workers filed for new unemployment benefits during the week ending Mar. 6, a decrease of 42,000 from the previous week’s revised level. The total number of workers continuing to claim unemployment benefits also continues to fall, dropping by 193,000 to 4.1 million. Economists expect the economic outlook to improve further as the vaccine rollout and improving COVID-19 case counts allow hiring activity to pick up this spring and summer.
Source: New feed 2