US jobless claims drop to pandemic low of 281,000

WASHINGTON (AP) — The number of Americans applying for unemployment benefits fell to a pandemic low last week, another sign that the job market and economy continue to recover from last year’s coronavirus recession. Jobless claims dropped by 10,000 to 281,000, lowest since mid-March 2020, the Labor Department said Thursday (Oct. 28, 2021). Since topping 900,000 in early January,  weekly applications have steadily dropped, moving ever closer to prepandemic levels just above 200,000. In all, 2.2 million people were collecting unemployment checks the week of Oct. 16, down from 7.7 million a year earlier.