Claims for unemployment drop sharply
May 6, 2021
About 505,000 Americans filed first-time unemployment claims last week, down more than 100,000 from the week before, according to the Labor Department. “In the last few weeks we’ve seen a pretty dramatic improvement in the claims data, and I think that does signal that there’s been an acceleration in the labor market recovery in April,” said Daniel Zhao, senior economist at ZipRecruiter.
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