Unemployment Claims Reach Historic Low

States reported that 210,000 workers filed for new unemployment benefits during the week ending May 21. The number of workers continuing to claim unemployment benefits—1.3 million—is the lowest level since Jan. 17, 1970.

Jobless claims have remained at or below pre-pandemic levels for months, though some tech companies have begun announcing layoffs and rising inflation could curb the creation of new jobs.
Source: New feed 2