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WASHINGTON AP 鈥?The number of Americans applying for unemployment benefits plummeted last week to the lowest level in more than half a century, another sign that the U.S. job market is rebounding rapidly from last yea
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stanley cups uk o 199,000, the lowest since mid-November 1969 when it was 197,000. The drop was much bigger than economists expected.The four-week average of claims, which smooths out weekly ups and downs, also dropped 鈥?by 21,000 to just over 252,000, the lowest since mid-March 2020 when the pandemic slammed the economy.Seasonal adjustments around the Thanksgiving holiday contributed significantly to the bigger-than-expected drop.President Joe Biden celebrated the unemployment numbers in a statement Wednesday, saying it underscores that the nations recovery is continuing to progress at a historic pace. Last year, there were 21 million unemployment insurance claims before the Thanksgiving holiday. Today, there were 2.4 million, wrote Biden. This is a historic jobs recovery: 5.6 million jobs created since I took office
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