Weekly Jobless Claims Continue to Fall

States reported that 444,000 workers filed for new unemployment benefits during the week ending May 15, a decrease of 34,000 from the previous week’s revised level and the lowest level of initial claims since Mar. 2020. The total number of workers continuing to claim state unemployment benefits ticked up to 3.7 million. Claims have fallen significantly in recent months but remain elevated.
Source: New feed 2