(Washington, DC) — Initial jobless claims are falling slightly. The Labor Department says 267-thousand Americans filed for unemployment benefits last week. That’s a drop of four-thousand from the previous week’s revised number. Last week’s number is the lowest since the pandemic began in mid-March of last year.
Initial claims for the week ending October 30th saw the biggest increases in states like Kentucky, Louisiana, and Minnesota. The biggest drops were seen in Missouri, Florida, and Virginia.