Jobless claims decline to lowest level since the pandemic began

People walk through the empty Broadway theater district one year after it was closed due to Covid-19 restrictions on March 12, 2021 in New York City.
(Image credit: Spencer Platt/Getty Images)

The number of Americans filing new jobless claims just unexpectedly hit the lowest level of the COVID-19 pandemic.

The Labor Department said Thursday that 684,000 Americans filed new jobless claims last week, a decline of 97,000 from the revised level of the week prior. Not only was this below the 735,000 claims economists were expecting, it was also the lowest number of new claims since March 14, 2020, CNBC reports.

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