Jobless Claims Fall To New Pandemic Low Of 406,000

In the COVID era, 406,000 Americans filed for unemployment benefits for the first time last week, marking a decrease of 38,000 from the previous week. This decline has been consistent for four weeks. Analysts attribute this trend to increased consumer spending, which has prompted companies to hire more workers.

How many Americans filed for unemployment benefits during the COVID era?

What was the change in unemployment claims last week compared to the prior week?

How many weeks in a row have there been declines in unemployment claims?

What do analysts attribute the renewed spending by consumers to?

What action are companies taking in response to the renewed spending by consumers?