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Weekly Jobless Claims Fall To New Pandemic Low

According to the Labor Department, 473,000 Americans applied for unemployment benefits last week.
Posted at 4:32 PM, May 13, 2021
and last updated 2021-05-13 16:32:45-04

New jobless aid applications fell to a new pandemic low.

According to the Labor Department, 473,000 Americans applied for unemployment benefits last week. It's the fourth weekly decline in the past five weeks.

Economists say it's a sign fewer employers are slashing jobs. 

Meanwhile at least 12 Republican-led states say they will stop paying out the extra jobless benefits under federal COVID relief.