Home Business US jobless claims fall to 712,000 as pace of layoffs eases

US jobless claims fall to 712,000 as pace of layoffs eases

by staff

In February, U.S. employers added a robust 379,000 jobs, the most since October, reflecting an economy in which consumers are spending more and states and cities are easing business restrictions. Thursday’s figure, though the lowest weekly figure in four months, showed that weekly applications for jobless benefits still remain high by historical standards: Before the viral outbreak, they had never topped 700,000, even during the Great Recession.

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