Job market steadily rebounds from economic collapse
Jobless claims drop by 14,000; unemployment benefits fell to 340,000
By PAUL WISEMAN
AP Economics Writer
WASHINGTON (AP) – The number of Americans seeking unemployment benefits fell last week to 340,000, a pandemic low, another sign that the job market is steadily rebounding from the economic collapse caused by the coronavirus pandemic. Jobless claims dropped by 14,000. Vaccinations for COVID-19 have been supporting the job market by encouraging businesses to reopen or expand hours and consumers to return to restaurants, bars and shops. In response, employers across the country have been boosting hiring to meet a surge in consumer demand. Still, a resurgence of cases tied to the highly contagious delta variant has clouded the economic outlook.
(Copyright 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.)
9/2/2021 7:31:18 AM (GMT -6:00)
COPYRIGHT 2022 THE ASSOCIATED PRESS. ALL RIGHTS RESERVED. THIS MATERIAL MAY NOT BE PUBLISHED, BROADCAST, REWRITTEN OR REDISTRIBUTED.